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US business inventories rebound; sales fall


An employee operates a forklift at the distribution center of the Oregon Freeze Dry facility in Tangent, Oregon.

Leah Nash | Bloomberg | Getty Images

U.S. business inventories rebounded in April as sales fell, but inventory accumulation is still expected to be a drag on economic growth in the second quarter.

The Commerce Department said on Friday that business inventories increased 0.5% after being unchanged in March.

Inventories are a key component of gross domestic…

Source cnbc.com

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