Wholesale Inventories Decline in May

According to the latest report from the US Census Bureau, wholesale inventories in the United States experienced a 0.3% decrease in May, adjusting to $905.5 billion. This figure marks a slight downturn from April's revised numbers, yet shows a 1.4% increase compared to the same period last year.

Sales Trends Among Merchant Wholesalers

Sales data, adjusted for seasonal variations but not for price changes, revealed a 0.3% decline in May, totaling $697.2 billion. Despite this monthly drop, sales have seen a 4.8% rise from May 2024's revised figures, indicating a year-over-year growth.

Inventory-to-Sales Ratio Insights

The seasonally adjusted inventory-to-sales ratio was recorded at 1.30 in May, a decrease from 1.34 in the same month the previous year, suggesting a faster turnover rate.