Monday, July 12, 2010

May US Wholesale Inventories, Sales and I/S


Forex Special - US wholesale inventories rose a marginally more-than-expected 0.5% m/m to $398.8 billion in May, a fifth consecutive monthly rise, after a downwardly revised 0.2% m/m increase in April, according to figures from the Commerce Department. Wholesale sales slipped 0.3% m/m to $350.6 billion, the first decline since March 2009, following April’s upwardly revised 0.9% m/m gain. The inventories/sales ratio increased to 1.14 in May from a record-low 1.13 in April, compared with May 2009’s 1.34. Inventories declined 2.1% y/y in May, but sales climbed 15.1% y/y.
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