Business Inventories Up +0.3% in May

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Economic Update: Business Inventories

Business Inventories were reported to have increased by +0.3% in May, which was above the consensus expectations for an increase of +0.2%.

For comparison purposes:

• April: +0.3% (revised from +0.4%)
  
• March: +0.3%
  
• February: +0.6%
  
• January: +0.6%
  
• December: +0.6%
  
• November: +0.3%
  
• October: +0.8%
  
• September: 0.0%
  
• August: +0.5%
  
• June: +0.4%

Other stories on the US Economy to review:

• Empire Manufacturing Improves in July
  
• Retail Sales Disappoint in June
  
• PPI Up in June
  
• Import/Export Prices Down in June
  
• 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
  
• 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
  
• CPI Declines in May

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