Business Inventories: -1% in May vs. -0.8% consensus, and -8% Y/Y. April revised to -1.3% from...

|By:, SA News Editor
Business Inventories: -1% in May vs. -0.8% consensus, and -8% Y/Y. April revised to -1.3% from -1.1%. Retail inventories fell 1.6% in May, led by the biggest drop in auto inventories in almost four years.