U.S. wholesale inventories increased by 0.3% in July

According to Commerce Department data released Thursday, wholesale inventories in the U.S. rose by 0.3% in July compared to the previous month.

The figure, which measures the change in the total value of goods held in inventory by wholesalers, was estimated at $904.9 billion, according to the advance figures.

The figure for June was revised down from $903.3 billion to $901.9 billion, or from an increase of 0.2% to a gain of 0.1%, the agency said in a statement.

Annually, wholesale inventories in July were up 0.6%, compared to the same month in 2023.

News.Az