Economic Buzz: US Wholesale Inventories Rise 1.8% In May

11 Jul 2022 , 08:53 AM

The Commerce Department released a report showing wholesale inventories in the U.S. increased by less than expected in the month of May. The report showed wholesale inventories jumped by 1.8 percent in May after surging by an upwardly revised 2.3 percent in April. The report also showed wholesale sales rose by 0.5 percent in May after climbing by 0.8 percent in April. With inventories increasing by much more than sales, the inventories/sales ratio for merchant wholesalers inched up to 1.26 in May from 1.25 in April. Powered by Commodity Insights