U.S. Census Bureau: Wholesale trade and inventories report for May
The U.S. Census Bureau will release wholesale trade data for May on Thursday, June 10.
The Monthly Wholesale Trade Survey, or MWTS, gives you nationwide estimates of monthly sales, end-of-month inventories, and inventories-to-sales ratios by businesses for wholesale firms. Specifically, the MWTS includes the dollar value of sales made and inventories held by wholesale merchants who sell goods on their own account. The figure also includes wholesale merchants or jobbers, industrial distributors, exporters, and importers.
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Highlights from last month’s report: Monthly sales of merchant wholesalers
These are key sectors for the economy. They represent discretionary consumption, housing (XHB), and corporate investments. They’re likely to spur GDP growth in the future.
Outlook for May’s release
Due to the steady performance of the manufacturing (VIS) sector this year, wholesale trade data is likely to be positive. Also, most economists expect an uptick in economic activity in the second half of the year. This should boost the report.