US May wholesale gross sales +0.4% vs +0.1% anticipated

• Prior was +0.1% (revised to +0.2%)
• Inventories +0.6% vs +0.6% expected
• Prior inventories +0.6%
• Inventories -0.5% y/y

The inventory number will help to put a floor under Q2 GDP estimates while the better sales should add to optimism about Q3.

This article was written by Adam Button at www.forexlive.com.