Wholesale inventories growth was revised down to 0.1% in May
The revision could temper expectations that restocking will boost second-quarter growth, after wholesale stocks rose less than initially estimated.
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8 Articles
According to reports from the Census Bureau of the Department of Commerce, inventories increased by 0.7% in April and 4.0% year-on-year in May.
Wholesale inventories growth was revised down to 0.1% in May
May U.S. wholesale inventories: +0.1% M/M to $941.8B, revised from the advance estimate of +0.3%, according to data released by the U.S. Census Bureau on Wednesday. That compares with the 0.7% increase in April.
May U.S. Wholesale Sales Accelerate, Far Outpacing Inventories
The U.S. Census Bureau released its monthly wholesale trade report on July 8, reflecting results through May, which showed another considerable sales gain and acceleration that far outpaced another modest increase in inventories — indicating sales are outpacing stockpiles by a wide margin as of the start of Summer. The report showed that May sales of merchant wholesalers — except manufacturers’ sales branches and offices, after adjustments or se…
US wholesale inventories rose by a definitive 0.1 percent in May compared to the previous month, according to statistics from the US Department of Commerce.
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