Wholesale and Retail Inventories Rise Led by Autos: Diving Into Seasonal Adjustments

MishTalk

On Monday, Census Department data showed durable-goods orders declined 1.1% for the month. Yet, despite falling sales and a warning from GM, durable goods orders for autos and auto parts rose 1.2% in May. That was on top of a 0.5% gain in April.

Yet, despite falling sales and a warning from GM, durable goods orders for autos and auto parts rose 1.2% in May. That was on top of a 0.5% gain in April.

The auto mystery continues as today’s advance trade data from the Census Department shows Wholesale inventories rose 0.3% and retail inventories rose 0.6%. The auto-related details were even more interesting.

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