The Commerce Department released a report on Friday showing wholesale inventories in the U.S. increased by less than expected in the month of May.
The report showed wholesale inventories jumped by 1.8 percent in May after surging by an upwardly revised 2.3 percent in April.
Economists had expected wholesale inventories to shoot up by 2.0 percent compared to the 2.2 percent spike originally reported for the previous month.
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Forex News
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.