Wholesale trade sales for April 0.8% vs 0.3% prior
The April final read for wholesale inventories for April comes in at 0.1% versus 0.0% expected. The wholesale trade sales for April rose by 0.8%. The prior reading was revised higher to 0.4% from 0.3%
- The stock/sales ratio falls to 1.28 months worth versus March 1.29 months
- Wholesale inventories excluding oil were unchanged in April
- Wholesale sales excluding autos rose 0.9% in April
