- U.S. wholesale inventories increase in line with expectations in July
Market news
10 September 2021
U.S. wholesale inventories increase in line with expectations in July
The
Commerce Department announced on Friday the U.S. wholesale inventories rose 0.6
percent m-o-m in July, being in line with the preliminary estimate. This was the smallest
monthly gain since December 2020.
Economists
had forecast the reading to stay unrevised at 0.6 percent m-o-m.
In June,
wholesale inventories rose 1.2 percent m-o-m.
According
to the report, durable goods inventories jumped 1.0 percent m-o-m in July,
while stocks of nondurable goods edged down 0.1 percent m-o-m.
In
y-o-y terms, wholesale inventories climbed 11.5 percent in July.
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