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Wholesale inventories are up 29.4 percent from the low point reached in September 2009, a period when businesses had been trimming stockpiles in the face of falling demand during the Great Recession. For July, auto stockpiles rose 0.4 percent, furniture inventories increased 1 percent and machinery stockpiles rose 1.9 percent. The July increase left stockpiles at $500 billion, or 2.2 percent higher from a year ago.
[Associated
Press;
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