United States Wholesale Inventories

US wholesale inventories fell by 0.3% over a month to $905.5 billion in May 2025, matching the advance estimate and following a 0.1% increase in the prior month, as firms adjusted to the Trump administration's trade tariffs. This marked the first decrease in inventories since December 2024, as durable goods stocks fell by 0.8%, following a 0.1% rise in April, primarily computer equipment (-2.8%), miscellaneous durbales (-2.5%), furniture (-2.2%) and professional equipment (-1.7%). Meanwhile, inventories of nondurable goods rose 0.5%, after a 0.2% increase the month before, largely due to higher stocks of petroleum (2.5%), drugs (1.8%) and alcohol (1.7%). On a yearly basis, wholesale inventories went up by 1.4% in May, in line with the advance estimate.