Above expectations (Il Sole 24 Ore Radiocor) - Washington, 16 Jul - US manufacturing and trade inventories rose 0.5% to 2,558.5 billion dollars in May from a month before, the US Census Bureau said.

The reading was above economists' expectations of up 0.4%.

Inventories were up 1.6% on the year.

Sales were unchanged compared to April but were up 2.0% from May 2023.

The total business inventories/sales ratio based on seasonally adjusted data at the end of May was 1.37. The May 2023 ratio was 1.38.

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(RADIOCOR) 16-07-24 16:07:55 (0541) 5 NNNN