According to data published this Wednesday by the Census Bureau of the Department of Commerce, it was known that wholesale inventories in the United States would have increased only 0.1% during the month of May compared to the 0.3% registered in April.

According to the report, in the last four consecutive quarters business inventories have decreased, moderating expectations for economic growth in this sense.

Although inventories increased 0.7% in April and 4.0% year-on-year in May, economists believe that their recovery could partially mitigate the expected impact on GDP caused by the trade deficit.

Although the US economy grew at a rate of 2.1% between the first quarter from January to March, due to the increase in imports by companies seeking to avoid higher prices due to the shortages that the war between the United States and Iran would cause, economists at the Atlanta Federal Reserve consider that for the second quarter GDP will only increase at an annualized rate of 1.4%.

According to the report from the Census Bureau of the Department of Commerce, some of the imports of the first quarter were converted into inventory; Most of them were computer equipment; However, wholesale inventories of metals and oil decreased by 2.8 and 5.7%, respectively.

Finally, wholesale sales showed an increase from 2.2% in April to 3.4% in May; However, the report highlights that the pace of sales was slower.