The latest data on U.S. business inventories shows a modest increase for July 2024. According to statistics updated on September 17, 2024, inventories rose by 0.4%, up from a 0.3% increase in June 2024.
This Month-over-Month comparison indicates a continuing accumulation of inventory, although at a slightly faster pace than the previous month. The data suggests a trend that could reflect adjustments in supply chain management or forecasting, possibly influenced by varying demand patterns and economic conditions. Businesses appear to be maintaining a cautious yet positive outlook as they navigate the current economic landscape.
