Wholesale inventories in the United States increased by 0.6% month on month to $900.7 billion in July 2022, falling short of an original projection of a 0.8% gain and following a downwardly revised 1.8% increase the previous month.
It was the 24th consecutive month of growth, but at a slower rate, as stocks of durable goods climbed at a slower pace (1% vs 2.2% in June), while nondurable goods inventories fell (-0.1% vs 1.2%).
Wholesale inventories increased 25.1% year on year in July, slightly lower than the previous month’s estimate of 25.4%. From 1992 to 2022, wholesale inventories in the United States averaged 0.43 percent, with a peak of 2.80 percent in February of 2022 and a low of -1.90 percent in March 2009. The wholesale inventories in the United States are likely to be 0.50 percent by the end of this quarter.