Wholesale Inventores Up Modestly in May

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Economic Update: Wholesale Inventories

The Commerce Department reported that Wholesale Inventories rose by +0.3% in May, which was in line with the consensus estimate for an increase of +0.3% but below April’s revised reading of +0.5% (from +0.6%).

For reference:

• March: +0.03%
  
• February: +0.9%
  
• January: +0.6%
  
• December: +1.0%
  
• November: +0.0%
  
• October: +1.6%

Why do you care about this report? Because inventories are part of the all-important GDP calculations.

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Other stories on the US Economy to review:

• NFIB Small Business Optimism Index Pulls Back Again
  
• Jobs Report Disappoints Again in June
  
• ISM Non-Manufacturing Index Disappoints in June
  
• ADP Employment Surprises to Upside
  
• Challenger Planned Job Cuts Best in Year
  
• Factory Orders BTE in May
  
• Construction Spending Above Consensus in May
  
• ISM Manufacturing Plunges in June
  
• University Of Michigan Sentiment Index Weak in June
  
• Chicago PMI Headline Improves But...
  
• US GDP Grew at +1.9% Rate in Q1
  
• Durable Goods Up for First Time in 3 Mos
  
• Richmond Fed Index Declines for Third Month
  
• Consumer Confidence Falls Again in June
  
• Case-Shiller Home Price Index Improves
  
• Chicago Fed National Activity Index Falls in May
  
• Existing Homes Sales Fall But Prices Rises
  
• LEI Rises in May: Points to "Muddle Through"
  
• Philly Fed Plunges in June
  
• Housing Starts Down But Permits Up
  
• Industrial Production and Capacity Utilization Below Expectations
  
• Empire Manufacturing Disappoints in June
  
• CPI Declines in May
  
• Business Inventories Above Expectations in April
  
• Retail Sales Fall Across Board in May
  
• PPI Shows Inflation Fell at Producer Level in May

 

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