US: Wholesale inventories for May were estimated at $593.4 billion, up 0.3%

"Wholesale inventories for May, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $593.4 billion, up 0.3 percent from April 2017, and were up 1.8 percent from May 2016," announced the US Census Bureau on Wednesday.

Key highlights:

• The March 2017 to April 2017 percentage change was revised from down 0.5 percent to down 0.4 percent
• Retail inventories for May, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $617.4 billion, up 0.6 percent from April 2017, and were up 3.2 percent from May 2016. The March 2017 to April 2017 percentage change was unrevised at down 0.2 percent