Wholesale inventories in the United States increased by more than expected 2.1% in April compared to the previous month to reach $860.8 billion. On an annual basis, the figure soared by 23.8%.
According to a preliminary report published by the Census Bureau on Friday, retail inventories expanded by 0.7% versus March and 15% compared to April last year to $696.3 billion.
The international trade deficit declined by $20 billion to $105.9 billion, with goods exports rising by $5.2 billion to $173.9 billion and imports dropping by $14.8 billion to land at $279.9 billion.
