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Economy - Thursday (Investor's Business Daily)

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Old 06-13-2008, 07:56 AM
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Default Economy - Thursday (Investor's Business Daily)
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Investor's Business Daily - Inventories rose 0.5% in April, the biggest gain in 3 months and more than double March's 0.2% gain, the Commerce Dept. said. Sales jumped 1.4%, a 5-month high. That lowered the inventory-sales ratio to 1.25, just above Nov.'s record-low 1.24. Economists cite lean inventories as a reason why any U.S. recession would be short and shallow, since any pickup in demand would require companies to boost output and employment.

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