empty
 
 

2018.07.1110:31:00UTC+00U.S. Wholesale Inventories Climb More Than Expected In May

A report released by the Commerce Department on Wednesday showed wholesale inventories in the U.S. increased by slightly more than expected in the month of May.

The Commerce Department said wholesale inventories climbed by 0.6 percent in May after inching up by 0.1 percent in April. Economists had expected inventories to rise by 0.5 percent.

Inventories of durable goods rose by 0.5 percent in May after edging up by 0.2 percent, with the increase partly reflecting a jump in machinery inventories.

The report said inventories of non-durable goods also climbed by 0.7 percent in May after coming in unchanged in the previous month.

Inventories of petroleum products, paper, drugs, and chemicals all showed significant increases during the month.

The Commerce Department also said wholesale sales surged up by 2.5 percent in May following a 1.4 percent jump in April.

Sales of non-durable goods spiked by 3.1 percent in May after jumping by 1.6 percent in April, while sales of durable goods shot up by 1.9 percent after climbing by 1.1 percent in the previous month.

With sales rising by much more than inventories, the inventories/sales ratio for merchant wholesalers dropped to 1.24 in May from 1.27 in April.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback