U.S. wholesale inventories decrease less than initially estimated in March

Market news

8 May 2020

U.S. wholesale inventories decrease less than initially estimated in March

The Commerce Department announced on Friday the U.S. wholesale inventories fell 0.8 percent m-o-m in March instead of declining 1.0 percent m-o-m as previously reported. That was the biggest decline in inventories since September of 2011.

Economists had forecast the reading to drop 1.0 percent m-o-m. In February, wholesale inventories dropped 0.6 percent m-o-m.

In y-o-y terms, wholesale inventories decreased 1.7 percent in March.

White House economic adviser Hassett says would support it if the Fed decides to push interest rates into negative territory

White House economic advisor Kudlow does not believe that economic contraction has fully run its course

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