US business inventories increased 0.3% in June, with retail up 0.9% and wholesale up 0.2%.

US business inventories increased 0.3% in June, with retail inventories up 0.9% and wholesale inventories rising 0.2%. Business sales fell 0.1%, and the business inventories/sales ratio remained at 1.38. Inventories grew 2.1% year-over-year, and private inventory investment contributed to a 2.8% annualized GDP growth in Q2.

August 15, 2024
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