US business inventories for May -2.3% vs. -2.3% estimate

US business inventories for May 2020
– US business inventories for May 2020 fell -2.3%. That was in line with estimates
– total sales increased by 8.4% vs. -14.4% last month
The inventories fell as retailers reacted to the coronavirus and total sales rebounded from the April plunge.  Nevertheless, the data is old news.