U.S. wholesaler inventories rose by 0.6% in May on a sequential basis, according to the Commerce Department, following a 0.2% increase the previous month (revised from an initially estimated 0.1% growth).

As U.S. wholesaler sales rose by 0.4% in May compared to the previous month, it took them 1.35 months to clear their inventories, a ratio stable compared to that observed in April.

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