Investing.com - U.S. business inventories rose in line with expectations in May, official data showed on Monday.
In a report, the U.S. Census Bureau said that wholesale inventories inched up by 0.1% in May, in line with expectations.
Business inventories in April were revised to a 0.2% gain from a previously reported 0.3% increase.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.16% to trade at 1.3047.
Meanwhile, U.S. equity markets were mostly lower after the open. The Dow Jones Industrial Average was little changed, the S&P 500 index eased down 0.1%, while the Nasdaq Composite index shed 0.2%.
In a report, the U.S. Census Bureau said that wholesale inventories inched up by 0.1% in May, in line with expectations.
Business inventories in April were revised to a 0.2% gain from a previously reported 0.3% increase.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.16% to trade at 1.3047.
Meanwhile, U.S. equity markets were mostly lower after the open. The Dow Jones Industrial Average was little changed, the S&P 500 index eased down 0.1%, while the Nasdaq Composite index shed 0.2%.