The Commerce
Department announced on Friday its final estimates revealed that the U.S.
wholesale inventories edged up 0.1 per cent m-o-m in April, being marginally worse than
the preliminary estimate of a 0.2 per cent m-o-m gain.
Economists had expected
the reading to stay unrevised at +0.2 per cent m-o-m.
In March,
wholesale inventories declined 0.5 per
cent m-o-m (revised from -0.4 per cent m-o-m). That was the steepest monthly drop
since June 2023 (-0.5 per cent m-o-m).
According to
the report, durable goods
inventories increased 0.5 per cent m-o-m in April, reflecting advances in 5 out
of 9 durable industries, led by Automotive (+1.5 per cent m-o-m), Machinery (+1.3
per cent m-o-m), and Hardware (+1.0 per cent m-o-m).
Meanwhile,
stocks of nondurable goods decreased by 0.5 per cent m-o-m, reflecting
declines in 7 out of 9 nondurable businesses, driven by Farm products (-4.7 per
cent m-o-m). In y-o-y terms, wholesale inventories fell 1.7
per cent in May.