US business inventories for May 1.4% vs. 1.3% estimate

• US business inventories 1.4% vs. 1.3% estimate. Prior month revised to 1.3% from 1.2%
• retail inventories ex auto 0.8% vs. 1.7% last month
• U.S. total business end-of-month inventories for May 2022 were $2,381.9 billion,
• U.S. total business sales were $1,829.1 billion, up 0.7 percent (+/- 0.2 percent) from last month.
• The total business inventories/sales ratio came in at 1.3 up from 1.27 last month

Inventories increased and sales data as well. Nevertheless the total inventory to sales ratio did move up to 1.30 from 1.27 last month. That takes the ratio back into the range that prevailed between 2014 and 2020 with 1.29 near the low at 1.45 near the high. That may be good news for inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term as inventories are replenished.

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