India, July 17 -- Business inventories in the U.S. remained unchanged for the second consecutive month in May, according to a report released by the Commerce Department on Thursday.
The Commerce Department said business inventories were virtually unchanged in May after also coming in flat in April. The unchanged reading matched economist estimates.
The report showed a 0.3 percent increase by retail inventories and a 0.1 percent uptick by manufacturing inventories were offset by a 0.3 percent decrease by wholesale inventories.
Meanwhile, the Commerce Department said business sales fell by 0.4 percent in May after slipping by 0.2 percent in April.
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