US wholesale inventories up 1.8% in May - Breaking The News

US wholesale inventories up 1.8% in May

8 July

1 min read

Wholesale inventories in the United States grew by 1.8% in May compared to April and amounted to $878.6 billion, the Census Bureau revealed in a release on Friday. Inventories jumped 24.7% from May 2021.

Sales of merchant wholesalers were at $713 billion in June, up 1.9% from May, and the percentage change from April 2022 to May 2022 was revised from 1.8% to 1.9%.

data wholesale inventories

US oil inventories reportedly up by 3.76M barrels

42 minutes ago

Crude oil inventories in the United States rose by 3.76 million barrels in the week that ended April 25, private data from the American Petroleum Institute (API) allegedly showed on Tuesday.In the reported week, distillate inventories allegedly decreased by 2.52 million barrels, while gasoline stockpiles declined by 3.14 million barrels. Meanwhile, reserves in Cushing, Oklahoma, reportedly grew by 674,000 barrels during the same period.

US consumer confidence plunges, signals recession

7 hours ago

Consumer confidence in the United States fell sharply in April, with the Consumer Confidence Index plunging by 7.9 points to 86.0, the lowest since the early days of the COVID-19 pandemic. Data released by The Conference Board showed that the Expectations Index dropped to 54.4, a 13-year low and a sign of a potential recession.Senior economist Stephanie Guichard said the decline was driven by growing pessimism about future economic conditions, with...

US job openings at 7.2 million in March

7 hours ago

The number of job openings in the United States reached 7.2 million in March, slightly dropping from the 7.6 million registered in the previous month and missing analysts' expectations, the US Bureau of Labor Statistics revealed in its report on Tuesday. The job opening rate came in at 4.3%.The Job Openings and Labor Turnover Survey (JOLTS) showed that the number of hires remained at 5.4 million in the reported month, while the hires rate also remained...

FHFA: US house prices increase 0.1% in February

8 hours ago

The seasonally adjusted monthly house price index in the United States rose 0.1% in February compared to the previous month, the Federal Housing Finance Agency (FHFA) revealed in its report on Tuesday. The index increased 3.9% on an annual basis. Among the nine census divisions, the biggest increase was recorded in the Middle Atlantic division where the price index jumped 7% compared to last year's figure. The lowest increase, on the other hand, was...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.