US Business Inventories Show Modest Growth in June

In a revealing update from the US Census Bureau, business inventories in the United States experienced a 0.2% increase in June, reaching a monumental $2,660.3 billion. This growth not only highlights a monthly uptick but also underscores a 1.6% rise compared to the previous year.

Trade Sales and Manufacturers' Shipments on the Rise

The combined value of trade sales and manufacturers' shipments hit $1,924.7 billion in June. This figure represents a 0.5% increase from the previous month and a significant 3.8% jump year-over-year, signaling robust economic activity.

Inventory-to-Sales Ratio Adjusts Downward

Seasonally adjusted data reveals that the inventory-to-sales ratio at the end of June stood at 1.38, a slight decrease from last year's ratio of 1.41. This adjustment suggests a more efficient inventory management across businesses.