Wholesale Inventories Rise in May

The inventories gain followed a 0.6% increase in April. Sales dropped 0.8%, the biggest decline since March 2009.

Durable goods stockpiles rose 0.6% and non-durables dipped 0.2%.

The increase matched economists’ projections of a 0.3% gain, Bloomberg reported.

Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.