U.S. wholesale inventories increased 0.1% in April, less than expected, with durable goods up 0.5% and non-durables down 0.5%.
U.S. wholesale inventories increased by 0.1% in April, according to the Commerce Department, less than the expected 0.2% rise. This followed a revised 0.5% decrease in March. The rise was mainly due to a 0.5% increase in durable goods inventories, which was offset by a 0.5% drop in non-durable goods inventories. Wholesale sales also edged up by 0.1% in April, after a 1.3% drop in the previous month.
June 07, 2024
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