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Business inventories in the U.S. climb 0.6% in July

WASHINGTON (MarketWatch) - Business inventories within the U.S. jumped 0.6% in July, the Commerce Department said Friday. Sales rose 0.2% within the month. The ratio of inventories to gross sales, meanwhile, rose to 1.34 from 1.33. That's how many months it will take to sell all the stock readily available. One year in the past, the inventory-to-sales ratio was upper at 1.39. An building up in inventories provides to gross domestic product and is a sign of an increasing economy. The building up in inventories in June was unchanged at 0.1%.

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