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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62127)	3/14/2002 11:55:52 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Businesses Inventories Up in January host.wallstreetcity.com WASHINGTON, Mar 14, 2002 (Xinhua via COMTEX) -- Businesses inventories in the United States was up by 0.2 percent in January, the first increase in a year, the Commerce Department said Thursday. It was another encouraging sign that the country's first recession in a decade has come to an end. The report said that manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at 1,136.6 billion dollars in January, down 6.0 percent from the same month of 2001. Analysts see the rebuilding of inventories as a crucial development in lifting the country out of recession. The 0.2 percent rise in businesses inventories was the first increase since a similar 0.2 percent increase in January 2001. Inventories had been falling throughout most of last year as businesses, reacting to the slowing economy, tried to work off a stockpile of unsold goods. Copyright 2002 XINHUA NEWS AGENCY.