The U.S. Census Bureau said Friday manufacturing and trade business inventories were $1,859.7 billion in May, up 0.3% from April 2017. With a ±0.1 percent margin, they were up 2.4% from May 2016.
Wholesalers also built up inventories in May, including a 0.4% with manufacturers. That pulled down their inventories by 0.1% and total business inventories/sales ratio based on seasonally adjusted data was 1.38, down from 1.41 in May 2016.
Business inventories at auto dealers shot up 1.1% in May, increasing the overall retail component by 0.5%.