WASHINGTON (Dow Jones)–Inventories at U.S. wholesalers climbed significantly more than expected during May, even though sales rose at a rate twice as high as stockpiles.
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\nWholesalers’ Report: May Apr !Consensus: !
\n ! (Inv) +0.5%!
\nInventories: 0.8% 1.3%r ! !
\nSales: 1.6% 1.5%r !Actual: +0.8%!
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Wholesalers’ inventories increased 0.8% to a seasonally adjusted $375.81 billion, the Commerce Department said Monday. April inventories rose by 1.3%, revised from the 0.9% increase previously reported for that month.
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\nThe 0.8% increase in May wholesale inventories exceeded Wall Street expectations for 0.5% growth.<\/p>\n
The report showed wholesale sales advanced 1.6% in May to $325.55 billion. That followed a 1.5% increase in April, revised from the 1.3% growth previously reported for that month. The May increase was the largest since sales rose 2.1% last September.<\/p>\n
Year over year, wholesale sales outpaced inventory growth during May. Stocks were up 7.8%, while sales rose 12.1%.<\/p>\n
Wholesalers in May had enough goods on hand to last 1.15 months, down from 1.16 months in April. This inventory-to-sales ratio stood at 1.20 months in May 2012.<\/p>\n
Inventories of durable goods – meant to last three or more years – increased 0.8% in May, after rising 1.6% in April. Durable goods sales were 2.6% higher, after rising 0.2% in April.<\/p>\n
Auto inventories fell 1.4% in May, while sales in this sector were up 3.0%. Furniture stocks rose 2.7% and metals climbed 2.9%.<\/p>\n
Inventories of non-durable goods rose 0.9% in May, after going up 0.8% the previous month. Petroleum stocks rose 7.1% and farm inventories climbed 3.5%. Non-durables sales increased 0.7% in May, after rising 2.7% the previous month.<\/p>\n
-By Jeff Bater<\/p>\n","protected":false},"excerpt":{"rendered":"
WASHINGTON (Dow Jones)–Inventories at U.S. wholesalers climbed significantly more than expected during May, even though sales rose at a rate twice as high as stockpiles.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1194","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=1194"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1194\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=1194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=1194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=1194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}