Wholesale trade sales in US surge by 0.4 percent in May


(MENAFN) According to the latest data released by the Commerce Department on Wednesday, wholesale trade sales in the United States showed a modest increase of 0.4 percent in May in comparison to the previous month. This category encompasses the total sales of merchant wholesalers excluding manufacturers’ sales branches and offices, to reach a total of USD666.7 billion for the month.

The Commerce Department also revised April's figures, adjusting the initial estimate of a 0.1 percent gain to reflect a 0.2 percent increase in wholesale trade sales for that month. This adjustment indicates a slightly stronger performance than previously reported.

On an annual basis, wholesale trade sales in May marked a 1.9 percent increase in comparison to to the same period in 2023, underscoring a gradual uptick in sales within this sector year-over-year. This growth trajectory suggests resilience in wholesale trade activities in spite of broader economic fluctuations and ongoing supply chain challenges.

The data provides valuable insights into the performance of the wholesale sector, which plays a crucial role in the distribution and supply of goods across various industries. The steady increase in sales reflects ongoing economic recovery efforts along with consumer demand dynamics impacting wholesale trade activities across the nation.

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