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WASHINGTON — US wholesale businesses increased their stockpiles for an eighth consecutive month in February as their sales rose at the fastest clip since November, good signs for future economic growth.
Wholesale businesses boosted stockpiles by 0.5 percent in February following an increase of 0.8 percent in January, the Commerce Department reported Wednesday.
Sales rose 0.7 percent in February, rebounding from a sharp 1.8 percent drop in January which had been blamed in part on severe weather that cut into demand.