Inventories decline

Posted: Monday, April 15, 2002

WASHINGTON (AP) --Businesses worked off excess stocks of unsold goods in February for the 13th month in a row, potentially setting the stage for ramped-up production in the future.

The Commerce Department reported Monday that unsold goods on shelves and back lots fell by a seasonally adjusted 0.1 percent in February. The drop came even as businesses' sales declined by 0.9 percent.



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