Wholesale rise in line with consensus in May; retail inventory growth slows a tick
Seeking Alpha ·
May wholesale inventories: +0.3% M/M to $944.0B vs. +0.3% consensus and +0.7% prior (revised from +0.6%), according to data released by the U.S. Census Bureau on Friday. Retail inventories: +0.6% M/M to $832.2B vs. +0.7% in April. Retail inventories, ex-autos: +0.4% M/M vs. +0.7% prior. Inflation In 'Core Services' Surges, Plus AI's Impact On Electricity And Goods: Inflation Beyond Gasoline U.S. Q1 GDP growth estimate revised up to 2.1% from 1.6% Core PCE inflation rises in line with consensus in May; personal income, spending exceed expectations
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