US April wholesale sales -0.4% vs -0.2% expected

Author: Adam Button | Category: News

April wholesale trade sales and inventories

  • Prior was +2.3% (revised to +1.8%)
  • Final inventories +0.8% vs +0.7% preliminary reading
  • Stock-to-sales ratio 1.34 months vs 1.33 prior
Inventories of autos increased by the most in eight months.

Inventories were a tailwind in the first quarter but are likely to be a drag in Q2.

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