Notizie economiche
08.08.2024

U.S. wholesale inventories rise initially estimated in June

The Commerce Department said on Thursday its final estimates revealed that the U.S. wholesale inventories went up 0.2 per cent m-o-m in June, matching the preliminary estimate. This marked the third straight monthly gain in wholesale inventories.

Economists had forecast the reading to remain unrevised at +0.2 per cent m-o-m.

In May, wholesale inventories jumped 0.5 per cent m-o-m (revised from +0.6 per cent m-o-m).

According to the report, durable goods inventories slipped 0.1 per cent m-o-m in June, reflecting declines in 5 out of 9 durable industries, driven by Professional equipment (-2.2 per cent m-o-m), metals (-1.8 per cent m-o-m), and furniture (-0.6 per cent m-o-m). Meanwhile, stocks of nondurable goods surged by 0.7 per cent m-o-m, undermined by advances in 6 out of 9 nondurable businesses, led by petroleum (+3.8 per cent m-o-m) and chemicals (+1.1 per cent m-o-m).

In y-o-y terms, wholesale inventories edged up 0.1 per cent in June.

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