US wholesale inventories flat in April

(Sharecast News) - US wholesale inventories were flat month-on-month in April, according to the Census Bureau, coming in at $907.0bn after a downwardly revised 0.3% uptick in March, missing consensus estimates of 0.4% increase. Durable goods inventories fell by 0.2% according to the preliminary estimate, following a 0.5% increase in March, while inventories of non-durable goods rose 0.4%, following the previous month's flat reading.

On an annualised basis, wholesale inventories grew 2.1% in April.





Reporting by Iain Gilbert at Sharecast.com