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US Wholesale Inventories Surge in July
Stocks at wholesalers rose 1.3% and sales rebounded 0.8%, the Commerce Department said, as businesses replenished inventories after five straight quarters of drawdowns.
WASHINGTON, Sept 10(Reuters) - U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning inventories to contribute to economic growth in the third quarter. Stocks at wholesalers jumped by an unrevised 1....