- U.S. business inventories post a 0.3 percent gain in May
Market news
16 July 2019
U.S. business inventories post a 0.3 percent gain in May
The Commerce
Department announced on Tuesday that business inventories rose 0.3 percent
m-o-m in May, following an unrevised 0.5 percent m-o-m increase in April.
That was in
line with economists’ forecast.
According to
the report, both retail inventories and wholesale inventories rose 0.4 percent m-o-m
in May, while factory inventories increased 0.2 percent m-o-m.
Retail
inventories excluding autos, which go into the calculation of GDP, advanced 0.3 percent m-o-m, as reported last month.
In y-o-y terms,
business inventories climbed 5.3 percent in May.
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