US Business Inventories Remain Unchanged in May

In a recent report released by the Census Bureau, it was revealed that business inventories in the United States remained unchanged in May, maintaining a steady figure of $2,656.7 billion. This stability comes amidst a period of economic fluctuations, showcasing the resilience of the US market.

Year-Over-Year Growth Observed

Despite the month-over-month stagnation, a positive year-over-year growth of 1.7% was recorded, indicating a gradual recovery and expansion in the business sector.

Decline in Business Inventories/Sales Ratio

The total business inventories/sales ratio at the end of May was reported at 1.39, showing a slight decrease from 1.41 a year ago. This suggests a more efficient turnover of inventories compared to the previous year.

Mixed Results in Sales and Shipments

The value of distributive trade sales and manufacturers' shipments for May stood at $1,913.9 billion. While this represents a 0.4% decrease month-on-month, it also marks a 3.1% increase annually, highlighting the complex dynamics of the current economic landscape.