The international trade deficit was $72.2 billion in July, up $4.3 billion from $67.9 billion in June. Exports of goods for July were $140.0 billion, $2.5 billion less than June exports. Imports of goods for July were $212.2 billion, $1.8 billion more than June imports.

Wholesale inventories for July, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $637.0 billion, up 0.7 percent (±0.2 percent) from June 2018, and were up 5.2 percent (±3.9 percent) from July 2017. The May 2018 to June 2018 percentage change was unrevised from the preliminary estimate of up 0.1 percent (±0.2 percent)*.