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US business inventories increase slightly above expectations in May

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Retail Inventories News

Inventory Investment,Commerce Department

U.S. business inventories increased slightly more than expected in May amid solid rises in stocks at wholesalers and retailers, a trend that could see...

WASHINGTON - U.S. business inventories increased slightly more than expected in May amid solid rises in stocks at wholesalers and retailers, a trend that could see inventory investment contributing to economic growth in the second quarter.

Retail inventories increased 0.6% in May instead of 0.7% as estimated in an advance report published last month. They rose 0.8% in April. Motor vehicle inventories advanced 2.0% as previously reported. They increased 1.9% in April. Cathie Wood says she wouldn't have sold Nvidia stake 'had we known that the market was going to reward it'

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