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The U.S. Commerce Department released the business inventories data on Wednesday. The U.S. business inventories rose by 0.2% in November, in line with expectations, after a 0.2% gain in October.
Business sales declined 0.2% in November.
Retail inventories excluding autos climbed 0.1% in November.
The business inventories/sales ratio was 1.31 months in November. The business inventories /sales ratio is a measure of how long it would take to clear shelves.
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