7/11/2012 10:01 AM ET
(RTTNews) - U.S. wholesale inventories increased in May, matching the expectations of most economists, but wholesalers saw a notable decrease in sales for the month.
According to figures released Wednesday by the Commerce Department, U.S. wholesale inventories were estimated at a seasonally adjusted level of $484.1 billion, a 0.3 percent increase from April levels, which were revised down slightly from initial reports.
On a year-over-year basis, U.S. wholesale inventories were up 6.4 percent from May 2011 levels.
However, wholesale sales, which had posted a 0.6 percent increase in April, saw as sharp drop in May, falling 0.8 percent to a seasonally adjusted level of $409.6 billion, up 5.7 percent from May 2011 levels.
The changing levels of sales and inventories caused the inventories-to-sales ratio for May to tick up slightly to 1.18 from April's 1.17 ratio.
by RTT Staff Writer
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Siam Commercial Bank's wholesale success - Finance Asia
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Siam Commercial Bank is headquartered in a sprawling complex in Ratchayothin, an out-of-the-way district in Bangkok, away from the teeming traffic of Sukhumvit or the swanky shopping strip in Chidlom. Thailand’s oldest commercial bank successfully built ...
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