US wholesale inventories rise 0.6% in May

US wholesale inventories rise 0.6% in May

Figure down 0.5% annually

By Ovunc Kutlu

ISTANBUL (AA) - Wholesale inventories in the US increased 0.6% in May, compared to the previous month, according to Commerce Department figures that were released Thursday.

The figure, which measures the change in the total value of goods held in inventory by wholesalers, was estimated at $901.6 billion, according to the advance figures.

The figure for April was revised from a gain of 0.1% to an increase of 0.2%, the agency said in a statement.

Annually, wholesale inventories in May were down 0.5%, compared to the same month in 2023.

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