3:01 PM · 17 September 2024

BREAKING: business inventories slightly higher than expected 📌

03:00 PM BST, United States - Business Inventories for July:

actual 0.4% MoM; forecast 0.3% MoM; previous 0.3% MoM;

In July, adjusted for seasonal variations, distributive trade sales and manufacturers' shipments totaled $1,880.7 billion—up 1.1% from June 2024 and 2.9% from July 2023—while inventories reached $2,574.9 billion, increasing 0.4% month-over-month and 2.5% year-over-year.

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