FX.co ★ US Wholesale Inventory Growth Tops Forecasts

In September 2025, U.S. wholesale inventories exhibited a notable increase of 0.5%, reaching approximately $911.5 billion. This rise follows a revised slight decline of 0.1% in August and surpasses the market's forecast of a 0.1% increase. It is the most significant growth in inventories observed since February. The increase in non-durable goods inventories was 0.7%, reversing a 0.1% drop from the previous month, largely driven by growth in the pharmaceuticals sector (+1.9%) and the petroleum sector (+1.1%). Simultaneously, inventories of durable goods rose by 0.3%, rebounding from a 0.1% decrease in August. This growth was largely due to notable increases in stocks of computer equipment (+4.1%), electrical equipment (+2.4%), and metals (+1.6%), although there was a partial offset due to a 3.2% reduction in miscellaneous durable goods. On an annual basis, wholesale inventories saw a 1.8% increment in September.