- Analytics
- News and Tools
- Market News
- U.S. wholesale inventories rise in line with estimates in May
U.S. wholesale inventories rise in line with estimates in May
The Commerce
Department announced on Wednesday the U.S. wholesale inventories increased 0.4
percent m-o-m in May, after advancing a revised 0.8 percent m-o-m in April
(originally a gain of 0.9 percent m-o-m).
Economists had
forecast wholesale inventories growing 0.4 percent m-o-m in May.
On a y-o-y
basis, wholesale inventories surged 7.7 percent.
According to
the report, wholesale auto stocks rose 1.8 percent m-o-m in May, following a 3.9
percent m-o-m climb in the previous month. Gains were also recorded in
professional equipment, furniture and hardware inventories. Meanwhile, electrical
goods inventories dropped by the most since January 2016 and metal inventories showed
their biggest decline since October 2016.
Wholesale sales
edged up 0.1 percent m-o-m in May, following an unrevised 0.4 percent m-o-m decrease
in April.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
