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Saturday, August 17, 2019
HomeNewsEconomyU.S. Business Inventories Continued to Rise in July, Meeting Forecast

U.S. Business Inventories Continued to Rise in July, Meeting Forecast

File: Wholesale trade sales and inventories. (Photo: Bureau of Labor Statistics/ BLS)
File: Wholesale trade sales and inventories. (Photo: Bureau of Labor Statistics/ BLS)

File: Wholesale trade sales and inventories. (Photo: Bureau of Labor Statistics/ BLS)

The U.S. Census Bureau said business inventories rose 0.2% in July as gains for merchant wholesalers and manufacturers offset a decline for retailers. The combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading-day differences but not for price changes, was an estimated $1,358.8 billion, up 0.2% (±0.1%) from June 2017 and was 4.9% (±0.4%) from July 2016.

Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at $1,873.9 billion for the end of the month, up 0.2% (±0.1%) from June 2017 and 3.0% (±0.3%) from July 2016. The total business inventories/sales ratio based on seasonally adjusted data at the end of July was 1.38, down from 1.40 for the July 2016 ratio.

Merchant wholesalers saw a 0.6% build and manufacturers saw a 0.2%, offsetting a 0.1% decline for retailers.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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