0.2% rise in US wholesale inventories in June aligns with estimates, led by non-durable goods.
The U.S. Commerce Department reported a 0.2% rise in wholesale inventories in June, aligning with economists' estimates and following a 0.5% increase in May. The growth was driven by a 0.7% increase in non-durable goods inventories, offsetting a 0.1% dip in durable goods inventories. Meanwhile, wholesale sales fell by 0.6% in June, resulting in a 1.37 inventories/sales ratio for merchant wholesalers in June, up from 1.35 in May.
August 08, 2024
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