FX.co ★ US Wholesale Inventories Decline Unrevised

In May 2025, U.S. wholesale inventories experienced a decline of 0.3%, reaching $905.5 billion. This outcome aligns with the advance estimate and contrasts with a 0.1% increase recorded the previous month, as companies adapted to the trade tariffs introduced by the Trump administration. Significantly, this represents the first reduction in inventories since December 2024. Durable goods inventories dipped by 0.8% following a 0.1% increase in April, largely influenced by notable decreases in computer equipment (-2.8%), miscellaneous durables (-2.5%), furniture (-2.2%), and professional equipment (-1.7%). In contrast, nondurable goods inventories saw a rise of 0.5%, building on a 0.2% increase from the prior month. On an annual basis, wholesale inventories increased by 1.4% in May, consistent with the advance estimate.