US: Wholesale inventories increases by 0.6% in May vs. 0.5% expected

Eren Sengezer FXStreet

"Total inventories of merchant wholesalers were $633.5 billion at the end of May, up 0.6 percent from the revised April level," the U.S. Census Bureau reported on Wednesday.

Key takeaways from the official publication

Total inventories were up 5.9 percent from the revised May 2017 level.
The May inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.24. The May 2017 ratio was 1.31.
May 2018 sales of merchant wholesalers were $509.0 billion, up 2.5 percent from the revised April level and were up 11.8 percent from the May 2017 level.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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