US Wholesale Inventories Rise in May

July 10, 2024, 10.00 PM | Source: Reuters
US Wholesale Inventories Rise in May

ILUSTRASI. People shop at Macy's Herald Square during Black Friday sales in New York City, U.S., November 25, 2022. REUTERS/Brendan McDermid

UNITED STATE (US) - WASHINGTON - U.S. wholesale inventories increased solidly in May, likely putting inventory investment on track to support economic growth in the second quarter.

The Commerce Department's Census Bureau said on Wednesday that wholesale inventories rose 0.6% as previously estimated last month. Stocks at wholesalers rose 0.2% in April.

Read Also: US Consumer Prices Flat in May, Defying Expectations for Slight Rise

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