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US businesses increased stockpiles 0.3 percent in November as sales rose 1 percent

U.S. companies increased their stockpiles a steady pace in November from October, responding to a solid increase in sales.

The Commerce Department says business inventories grew 0.3 percent in November, matching the October gain.

Sales rose 1 percent in November, the best showing since a 1.2 percent rise in September. In October, sales had fallen 0.3 percent, reflecting in part disruptions caused by Superstorm Sandy.

More restocking leads to more factory production, which boosts economic growth. Faster restocking helped the economy grow at a 3.1 percent annual rate from July through September.

Most economists say inventory growth has slowed from this summer, a key reason many are predicting economic growth weakened to a rate below 2 percent in the October-December quarter.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.90% up 3.89%  
15 Y Fixed Graph 2.96% up 2.93%  
30 Y Fixed Jumbo Graph 4.27% up 4.23%  
5/1 ARM Graph 3.19% up 3.11%  
5/1 Jumbo ARM Graph 3.84% up 3.71%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.41% up 4.38%  
$50K HELOC Graph 4.07% up 4.06%  
$30K Loan Graph 4.55% -- 4.55%  
$50K Loan Graph 4.21% up 4.20%  
$75K Loan Graph 4.21% up 4.20%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.08% -- 3.08%  
36 M Used Graph 3.29% dw 3.30%  
48 M New Graph 3.06% -- 3.06%  
48 M Used Graph 2.96% -- 2.96%  
60 M New Graph 3.13% -- 3.13%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.37% up 0.36%  
1 yr Graph 0.61% -- 0.61%  
5 yr Graph 1.44% dw 1.48%