Wholesale Inventories +1.1%, Retail Inventories down 0.8% in May

Advance International Trade in Goods
The international trade deficit was $88.1 billion in May, up $2.4 billion from $85.7 billion in April. Exports of goods for May were $144.3 billion, $0.5 billion less than April exports. Imports of goods for May were $232.4 billion, $1.9 billion more than April imports.

Advance Wholesale Inventories
Wholesale inventories for May, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $707.5 billion, up 1.1 percent (±0.2 percent) from April 2021, and were up 7.8 percent (±1.2 percent) from May 2020. The March 2021 to April 2021 percentage change was revised from up 0.8 percent (±0.4 percent) to up 1.0 percent (±0.4 percent).

Advance Retail Inventories
Retail inventories for May, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $598.3 billion, down 0.8 percent (±0.2 percent) from April 2021, and were up 0.3 percent (±0.7 percent) from May 2020. The March 2021 to April 2021 percentage change was revised from down 1.8 percent (±0.2 percent) to down 1.6 percent (±0.2 percent).