- U.S. wholesale inventories increase more than expected in June
Market news
6 August 2021
U.S. wholesale inventories increase more than expected in June
The
Commerce Department announced on Friday the U.S. wholesale inventories rose 1.1
percent m-o-m in June, being higher than the preliminary estimate of a 0.8
percent m-o-m gain.
Economists
had forecast the reading to stay unrevised at 0.8 percent m-o-m.
In May,
wholesale inventories rose 1.3 percent m-o-m.
According
to the report, durable goods inventories jumped 1.4 percent m-o-m in June,
while stocks of nondurable goods rose 0.6 percent m-o-m.
In
y-o-y terms, wholesale inventories surged 10.5 percent in June.
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