Business inventories were up 0.3% and sales levels rose 0.8% in May, according to Commerce Department data released yesterday.

Business inventories rose to $1.479 billion following an unrevised 0.5% gain in April to $1.474 billion. IFR Markets had projected that business inventories would be up 0.5% in the month. Overall inventories were 5.2% above the May 2008 level.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.