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US inventories cast cloud on second-half growth

Robust restocking by businesses has not been matched by strong sales growth, leaving the inventory-to-sales ratio at a near six-year high

Washington

EFFORTS by US businesses to whittle down a huge inventory stockpile could weigh on production over the second half of the year and undercut economic growth.

Business inventories have increased by more than US$100 billion in each of the last two quarters, a record back-to...

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