Business inventories in the US rose 0.5% month-over-month in April 2026, following an upwardly revised 1% increase in March—the largest gain since June 2022—and matching market expectations. The pace of accumulation slowed across categories, with inventories at manufacturers up 0.3% (down from 0.7%), retailers up 0.7% (down from 0.8%), and merchant wholesalers up 0.6% (down from 1.5%). On a year-over-year basis, total business inventories were 2.7% higher.