Personal and household goods sales rose 3.5% to $12.4B in May after three monthly declines, leading the overall wholesale sales increase
Top contributors: textile, clothing & footwear (+14.4%) and home entertainment equipment & appliances (+15.5%)
Machinery, equipment, and supplies sales fell 3.3%, offsetting much of the overall wholesale gains
Looking at inventories:
Inventories increased in 4 of 7 subsectors, led by:
Personal and household goods: +2.2%
Inventory-to-sales ratio increased to 1.55 in May (from 1.54 in April), indicating slightly more months of inventory on hand at current sales levels
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