E.J. Antoni: Wholesale inventories grew 0.1% in May as sales rose 3.4%

E.J. Antoni: Wholesale inventories grew 0.1% in May as sales rose 3.4%
Inventories lag U.S. sales growth in May

E.J. Antoni reports that wholesale inventories in the U.S. increased by 0.1% month over month in May, registering a negative growth rate after adjusting for inflation.

He also observes that inventories rose 4.0% year over year, while sales outpaced inventory growth, climbing 3.4% month over month and 18.1% year over year. Antoni highlights the significant decline in the inventory-to-sales ratio.

Antoni has previously tracked signs of sector-specific changes. He reported that U.S. utility prices fell 1.5% following the start of the Iran war, citing a natural gas surplus and restricted exports in his earlier coverage. In June, Antoni noted that the Paychex job index improved for the fourth straight month, with its first annual increase since March 2022, according to his recent report.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.