Tin tức thị trường
07.06.2024

U.S. wholesale inventories rise slightly less than initially estimated in April

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.

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