- U.S. wholesale inventories increase in line with expectations in July
Market news
10 tháng 9 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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