US May wholesale inventories +2.0% vs +2.1% prior

  • US May 2022 wholesale inventory data
  • Prior was +2.1% (revised to +2.3%)
  • Retail inventories ex autos +0.8% vs +1.7% prior

This is a low-tier indicator but it's also a big input in GDP and with all the attention on the potential for back-to-back negative US quarters, it could take on some extra importance. These numbers will likely mean that GDP trackers bump up.

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