May data aligns with expectations but April’s upward revision may slightly boost Q2 GDP estimates.
US business inventories increased 0.3% in May, matching consensus forecasts, the Commerce Department reported. The reading reflects steady inventory accumulation amid stable demand conditions.
April’s figure was revised upward to 0.6% from 0.5%, a change that could provide a modest lift to second-quarter GDP calculations. Analysts had anticipated a 0.3% gain for May, consistent with recent trends in supply chain normalization.
The data suggests businesses are maintaining cautious stockpiling strategies, balancing restocking needs with economic uncertainty.