US wholesale inventories rise; inventories-to-sales ratio lowest in seven years - Business News: Latest News & Videos about market and economy | Trendmergers

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US wholesale inventories rise; inventories-to-sales ratio lowest in seven years

Business inventories were depleted in the first half of the year, but shortages amid persistent supply bottlenecks because of the COVID-19 pandemic and recent ports congestion in China are frustrating efforts to replenish stocks. Still, inventory rebuilding is expected to underpin economic growth in the second half of the year.

from Stocks-Markets-Economic Times
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