Investing.com - U.S. wholesale inventories fell unexpectedly in May, official data showed on Wednesday.
In a report, US Census Bureau said that wholesale inventories declined by a seasonally adjusted 0.5% in May, compared to expectations for a 0.3% increase.
Wholesale inventories for April were revised to a 0.1% decline from a previously reported gain of 0.2%.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD adding 0.3% to trade at 1.2819.
Meanwhile, U.S. stock markets were up after the open. The Dow Jones Industrial Average rose 0.5%, the S&P 500 added 0.7%, while the Nasdaq 100 tacked on 0.6%.
In a report, US Census Bureau said that wholesale inventories declined by a seasonally adjusted 0.5% in May, compared to expectations for a 0.3% increase.
Wholesale inventories for April were revised to a 0.1% decline from a previously reported gain of 0.2%.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD adding 0.3% to trade at 1.2819.
Meanwhile, U.S. stock markets were up after the open. The Dow Jones Industrial Average rose 0.5%, the S&P 500 added 0.7%, while the Nasdaq 100 tacked on 0.6%.