Retail inventories, trying to keep pace with rising strength in retail
sales, rose 0.4 percent in May following a 0.5 percent build in April,
both of which are positives for second-quarter GDP.
...meanwhile...
Wholesale inventories rose 0.5 percent in May which is 2 tenths higher
than Econoday's consensus in what marks an upshift for a sector where
underlying sales have been out pacing the inventory build. The result is
positive both for the general economic outlook and also second-quarter
GDP as well.
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