US wholesale inventories (preliminary) for April 0.2% versus 0.0% estimate

• Prior month -0.4%

Advanced wholesale inventories

• Wholesale inventories for April 0.2% versus 0.0% expected
  • April 2024 End-of-Month Level: $896.3 billion.
  • Month-over-Month Change (March 2024 to April 2024): Up 0.2%
  • Year-over-Year Change (April 2023 to April 2024): Down 1.6%
  • Revised February 2024 to March 2024 Change: Unchanged from preliminary estimate, down 0.4%

Advanced retail inventories ex air

• Retail inventories ex autos 0.3% vs -0.4% last month (revised from -0.2%).
  • April 2024 End-of-Month Level: $790.9 billion.
  • Month-over-Month Change (March 2024 to April 2024): Up 0.7%
  • Year-over-Year Change (April 2023 to April 2024): Up 4.8%
  • Revised February 2024 to March 2024 Change: Revised from up 0.2% (±0.2%) to up 0.1%

This article was written by Greg Michalowski at www.forexlive.com.