By Dean SealU.S. wholesale inventories were flat in May as firms stick to more relaxed restocking strategies amid an uncertain demand environment, according to data from the Commerce Department published Monday. Inventories of U.S. merchant wholesalers were virtually unchanged in May compared with the previous month. Economists polled by The Wall Street Journal had expected wholesale inventories to decrease 0.1% in May. Wholesale inventories data aren't adjusted for inflation. Nondurable goods inventories fell by 1%, pulled lower by farm products, paper, petroleum and groceries, while chemicals and drugs ticked up during the month.

Source: Wall Street Journal July 10, 2023 14:41 UTC