Jul 9: Wholesale Inventories Rise – Economic Highlights

Wholesale Inventories increased by 0.5% in May to $398.8 billion, higher than the expected 0.4% increase, following an increase of 0.2% in April, but are down by 2.1% from a year ago. Wholesale Sales had decreased by 0.3% in May to $350.6 billion, but were up 15.1% over the year. Sales of durable goods were up by 0.5% and sales of nondurable goods were down 1.0% over the month. The Inventory/Sales ratio was at 1.14, lower than the 1.34 ratio in May of 2009.

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