FX.co ★ US Wholesale Inventory Growth Revised Down

US wholesale inventories increased 0.2% month-over-month to $944.7 billion in June 2026, slightly below the 0.3% rise indicated by the advance estimate. This marked the fourth straight month of moderating inventory growth, following a 1.5% jump in March, the strongest increase since mid-2022. On a year-over-year basis, wholesale inventories were up 4.2%. Meanwhile, the inventories-to-sales ratio for merchant wholesalers, excluding manufacturers’ sales branches and offices, was 1.19 on a seasonally adjusted basis, down from 1.30 in June 2025.