FX.co ★ US Wholesale Inventory Growth Revised Down

In July 2025, US wholesale inventories experienced a modest growth of 0.1% from the previous month, reaching a total of $908.1 billion. This figure is slightly lower than the preliminary estimate of a 0.2% increase and follows a revised growth of 0.2% in June, marking two consecutive months of minimal expansion. The sector of non-durable goods saw a notable rise of 0.7%, an improvement over the 0.1% increase observed in the prior month. This uptick was driven by substantial inventory accumulations in categories such as groceries (+2%), apparel (+1.9%), pharmaceuticals (+1.8%), and other miscellaneous non-durable items (+1.8%). In contrast, inventories of durable goods declined by 0.2%, following a similar rise the previous month. Additionally, on an annual basis, wholesale inventories in July increased by 1.3%, aligning with earlier reports.