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US Wholesale Inventories Growth Slows

TeaTimeTrader
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US wholesale inventories rose 0.1% month-over-month to $941.8 billion in May 2026, following an upwardly revised 0.7% increase in April and below market expectations of a 0.3% gain. The latest reading marked the third consecutive month of slower inventory growth after a 1.5% increase in March, the strongest since mid-2022. Compared with a year earlier, wholesale inventories were 4.0% higher, accelerating from an upwardly revised 1.2% increase in May 2025. Meanwhile, the inventories-to-sales ratio for merchant wholesalers, excluding manufacturers’ sales branches and offices, stood at 1.15 on a seasonally adjusted basis, down from 1.31 in May 2025.
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