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A separate report Tuesday showed that retail sales rose 0.4 percent in January. Consumers rebounded from a slow holiday shopping season and spent more on electronics, sporting goods, building materials and gas. The economy expanded at a 2.8 percent annual rate in the fourth quarter. But economists expect companies won't add as much to their stockpiles in the current quarter. That could push growth down to 2 percent or even below. Stockpiles held by manufacturers account for nearly 40 percent of total business inventories, while wholesalers and retailers each hold about one third.
[Associated
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