USA: Wholesale Inventories Rise for Third Straight Month.

US wholesale inventories rose 0.6% month-over-month to $940.3 billion in April 2026, following an upwardly revised 1.5% increase in March and slightly exceeding forecasts for a 0.5% gain. The increase marked the third consecutive monthly rise in wholesale stockpiles, although the pace slowed from March's increase, which was the strongest since August 2022. Compared with April 2025, total inventories were up 3.6%. The monthly increase for March was revised up from an initial estimate of 0.5% to 0.6%. Meanwhile, the inventory-to-sales ratio for merchant wholesalers stood at 1.19 in April, unchanged from the previous month.