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9/16, 4:00 PM (Source: TeleTrader)
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US business inventories climb 0.5% in July

United States inventories in the manufacturing and trade sectors advanced by 0.5% on a monthly basis in July, landing at $2.07 trillion, the country's Census Bureau said in a press release on Thursday. Year-over-year, they were up 16.3%.

The combined value of distributive trade sales and manufacturers' shipments was seen at $1.65 trillion, growing 0.5% from June and 7.2% per annum.

The ratio between business inventories and sales was 1.25, down from 1.36 in July 2020.

Breaking the News / MD