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CADJPY Canadian Dollar vs Japanese Yen

111.95918
0.0073 (0.01%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Canadian Dollar vs Japanese Yen FX:CADJPY Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.0073 0.01% 111.95918 111.93871 111.97966 111.95918 111.95187 111.95918 0 04:20:46

U.S. Wholesale Inventories Jump More Than Expected In May

09/07/2021 11:40am

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Wholesale inventories in the U.S. increased by more than expected in the month of May, according to a report released by the Commerce Department on Friday.

The report said wholesale inventories surged up by 1.3 percent in May after jumping by an upwardly revised 1.1 percent in April.

Economists had expected wholesale inventories to jump by 1.1 percent compared to the 0.8 percent increase that had been reported for the previous month.

The bigger than expected increase in wholesale inventories came as inventories of durable goods and non-durable goods shot up by 1.2 percent and 1.5 percent, respectively.

Meanwhile, the Commerce Department said wholesales climbed by 0.8 percent in May after surging up by 1.1 percent in April.

A 1.7 percent spike in sales of durable goods more than offset a 0.1 percent dip in sales of non-durable goods.

With inventories rising by more than sales, the inventories/sales ratio for merchant wholesalers inched up to 1.23 in May from 1.22 in April.

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