The Commerce Department released a report on Tuesday showing U.S. business inventories increased by slightly less than expected in the month of May. The report said business inventories rose by 0.3 percent in May after climbing by 0.5 percent in April. Economists had expected inventories to rise by 0.4 percent.Manufacturing inventories edged up by 0.2 percent during the month, while retail and who...
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.