Details from the report:
Personal and household goods sales rose 3.5% to $12.4B in May after three monthly declines, leading the overall wholesale sales increase
Gains were seen in all but one industry group within the subsector
Top contributors: textile, clothing & footwear (+14.4%) and home entertainment equipment & appliances (+15.5%)
Motor vehicle and parts subsector up 2.2%, led by a 2.9% rise in the motor vehicle industry group
Machinery, equipment, and supplies sales fell 3.3%, offsetting much of the overall wholesale gains
Key drags: farm, lawn & garden machinery (-17.1%) and construction/forestry/mining/industrial equipment (-3.9%)
Looking at inventories:
Wholesale inventories rose 0.8% to $130.3B in May (excluding petroleum, oilseed, and grain)
Inventories increased in 4 of 7 subsectors, led by:
Building material and supplies: +2.1%
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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