Ekonomické zprávy
17.09.2024

U.S. business inventories rise slightly more than anticipated in July

The Commerce Department informed on Tuesday that the U.S. business inventories jumped 0.4 per cent m-o-m in July, following an unrevised 0.3 per cent m-o-m rise in June. That was marginally above economists’ forecast of a 0.3 per cent m-o-m increase and represented the 4th consecutive monthly gain in business inventories.

According to the report, stocks at retailers climbed 0.8 per cent m-o-m in July, while inventories at merchant wholesalers rose 0.2 per cent m-o-m and those at manufacturers edged up 0.1 per cent m-o-m.

In y-o-y terms, business inventories surged 2.5 per cent in July.

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