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Home›Bonds & Rates›Economy›US May business inventories rise in line with expectat…

US May business inventories rise in line with expectations

A slight upward revision to the prior month supports modest GDP estimate expectations.

Reported · Written up by our desk · Economy

US business inventories in May increased by 0.3%, matching economists' expectations, according to Forexlive.

The prior month was also revised higher, with April's reading moved from 0.5% to 0.6%.

Forexlive said the May result is in line with estimates, but the upward revision to April could add a small amount to GDP estimate outlooks.

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Sources

ForexliveUS May business inventories +0.3% vs +0.3% expected

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