US wholesale inventories 0.3% vs 0.2% est

Wholesale inventories for May (preliminary)

The US wholesale inventories for the month of May came in at +0.3% vs estimates of +0.2%. The prior month was revised higher but remains negative on the month (at -0.4% vs -0.5% previously reported).

• Inventories excluding autos increased by 0.3%.
• Durable goods were up 0.4% vs 0.0% last
• Non durable goods were up 0.1% vs -1.1% last