Skip to content

Wholesale Inventories Rise 1.8%

Click Here!

7/8/2011 10:10:00 AM

Wholesale inventories rose 1.8% in May, led by the biggest jump in automobile inventories in five years, the Commerce Department said Friday.

Sales slipped 0.2%, the first downturn in three months, Commerce said.

The inventories gain was well above economists’ forecasts of a 0.7% gain, Bloomberg reported.

Durable goods stockpiles rose 1.8%, led by a 4.7% gain in automobile inventories.

Auto sales fell to an annual rate of 11.76 million units in May, from 13.14 million in April, Bloomberg reported.

Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.

Click Here!

© 2010, Transport Topics Publishing Group. All rights reserved.


Wholesale Inventories Rise 1.8% (7/8/2011 10:10:00 AM)
Used Heavy Truck Sales Drop (7/4/2011 5:00:00 AM)
Oil Rises to Top $95 a Barrel (6/30/2011 4:00:00 PM)
Diesel Dips 0.4¢ to $3.95 a Gallon; DOE to Open Strategic Petroleum Reserve (6/27/2011 1:05:00 AM)
Diesel Fuel Price Rises After Five Consecutive Weekly Declines (6/20/2011 1:05:00 AM)
Oil Holds Under $95 a Barrel (6/16/2011 4:30:00 PM)

Click Here!

I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA