U.S. Wholesale Inventories Accelerate in July - Modern Distribution Management

U.S. Wholesale Inventories Accelerate in July

The U.S. Census Bureau reported a modest rise in wholesale and retail inventories in July alongside a widening trade deficit.
Products on inventory shelves storage

The U.S. Census Bureau released its advance statistics for international trade, wholesale inventories and retail inventories for July on Aug. 29, showing an acceleration in wholesale inventories following a modest June rebound.

Wholesale inventories—adjusted for seasonal and trading day differences, but not for price — ended July at $908.4 billion, up 0.2% from June and up 1.3% year-over-year. The May to June percentage change was unrevised from the preliminary estimate of up 0.1%.

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The rise in inventories matched estimates from economists polled by national news outlets.

U.S. Wholesale Inventories Month-Over-Month


source: tradingeconomics.com

Retail inventories ended the month up 0.2% from June at $809.3 million. That figure was up 1.6% year-over-year. The June monthly change was unrevised from the preliminary estimate of up 0.2%.

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The Bureau reported the U.S. international trade deficit was $103.6 billion in July, up $18.7 million from the $84.9 billion in June. Exports of goods for July were $178.0 billion, $0.1 billion than June exports. Imports of goods were $281.5 billion, $18.6 billion more than June imports.

The Bureau’s full July Wholesale Trade Report will be released on Sept. 7, and the August 2025 advance report for wholesale and retail inventories is scheduled for release on Sept. 25.

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