- U.S. wholesale inventories increase slightly less than initially estimated in April
Market news
9 June 2020
U.S. wholesale inventories increase slightly less than initially estimated in April
The Commerce
Department announced on Tuesday the U.S. wholesale inventories rose 0.3 percent
m-o-m in April instead of increasing 0.4 percent m-o-m as previously reported.
Economists had
forecast the reading to stay unrevised at +0.4 percent m-o-m. In March,
wholesale inventories fell by a revised 1.1 percent m-o-m (originally a drop of
1.0 percent m-o-m).
According to
the report, Stocks of nondurable goods surged 1.1 percent m-o-m in April, while
durable goods inventories dropped 0.3 percent m-o-m.
In y-o-y terms,
wholesale inventories decreased 2.8 percent in April.
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