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Sunday, September 22, 2019
HomeNewsEconomyWholesale Trade: Inventories Rose More than Expected in May

Wholesale Trade: Inventories Rose More than Expected in May

File: Wholesale trade sales and inventories. (Photo: Bureau of Labor Statistics/ BLS)
File: Wholesale trade sales and inventories. (Photo: Bureau of Labor Statistics/ BLS)

File: Wholesale trade sales and inventories. (Photo: Bureau of Labor Statistics/ BLS)

The U.S. Census Bureau reported Tuesday wholesale trade inventories rose by a higher-than-expected 0.4% in May, with April revised 0.1 higher. The results will no doubt help second-quarter GDP, which the GDPNow model forecast for real GDP growth has at 2.7%, sales at the wholesale level fell sharply by 0.5% in May.

The inventories/sales ratio for merchant wholesalers excluding manufacturers’ sales branches and offices came in at a seasonally adjusted 1.29, down from the 1.34 in may 2016.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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