A report released by the Commerce Department on Wednesday showed a modest decrease by wholesale inventories in the U.S. in the month of May.
The Commerce Department said wholesale inventories fell by 0.3 percent in May after inching up by 0.1 percent in April. The pullback by inventories matched economist expectations as well as the flash estimate.
The modest decrease by wholesale inventories came as inventories of durable goods slid by 0.8 percent, more than offsetting a 0.5 percent increase in inventories of non-durable goods.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.