June wholesale inventories inch up
Wholesale inventories for June, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $903.3 billion, up 0.2% (±0.2%)* from May 2024, and were up 0.1% (±0.7%) from June 2023, according to the U.S. Census Bureau.
The April 2024 to May 2024 percentage change was unrevised from the preliminary estimate of up 0.6% (±0.2%).
The international trade deficit was $96.8 billion in June, down $2.5 billion from $99.4 billion in May. Exports of goods for June were $172.3 billion, $4.3 billion more than May exports. Imports of goods for June were $269.2 billion, $1.7 billion more than May imports.
Retail inventories for June, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $802.1 billion, up 0.7% (±0.2%) from May 2024, and were up 5.3% (±0.5%) from June 2023.
The April 2024 to May 2024 percentage change was unrevised from the preliminary estimate of up 0.6% (±0.2%).
INDUSTRIAL SUPPLY MAGAZINE
The September/October issue of Industrial Supply magazine features an in-depth cover story about Kurz Industrial Solutions. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Hockett, as well as interviews with numerous product and distribution industry experts.
