US wholesale inventories edge up in July

US wholesale inventories inched higher in July, reflecting a relative balance between supply and demand as markets continue to monitor the impact of this on the economic landscape.

The final reading from the US Census Bureau, issued today, Sept. 10, showed that wholesalers’ inventories of unsold goods rose by 0.1% month-on-month (MoM) and 1.3% year-on-year (YoY) to $908.1 billion.

Wholesale sales also climbed by 1.4% MoM to $711.3 billion, marking a 6.2% YoY increase.

The inventory-to-sales ratio eased to 1.28 in July 2025, from 1.34 a year earlier, reflecting quicker stock drawdowns compared with 2024.