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US business inventories for May +0.2% versus 0.2% expected

Prior month 0.2% revised to 0.1%Business inventories 0.2% versus 0.2% expectedRetail inventories ex-autos -0.1% versus -0.3% last monthIn May, the combined value of distributive trade sales and manufacturers' shipments reached an estimated $1,822.1 billion. This represents a 0.2% increase compared to April 2023. However, when compared to May 2022, there was a decline of -1.8% (with a margin of error of ±0.5%).The total business inventories/sales ratio based on seasonally adjusted data at the end... Read More

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Posted: Jul 18 2023, 14:00

Author Name: forexlive

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