- Analytics
- News and Tools
- Market News
- U.S. wholesale inventories remain unchanged in June
U.S. wholesale inventories remain unchanged in June
The Commerce
Department announced on Thursday the U.S. wholesale inventories were flat m-o-m
in June, after advancing an unrevised 0.4 percent m-o-m in May.
Economists had
forecast wholesale inventories growing 0.2 percent m-o-m in June.
On a y-o-y
basis, wholesale inventories surged 7.6 percent.
According to
the report, wholesale auto stocks fell 0.2 percent m-o-m in June, following a
1.6 percent m-o-m climb in the previous month, while hardware stocks dropped
0.6 percent m-o-m, the most since October 2016. On the contrary, gains were
also recorded in professional equipment and machinery inventories.
Meanwhile, wholesale
sales slipped 0.3 percent m-o-m in June, following a 0.1 percent m-o-m uptick
in May.
© 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
