US Business Inventory Growth Slows

Business inventories in the US rose by 0.4% month-over-month in August 2026, following an upwardly revised 0.9% advance in July and matching market forecasts. Stocks increased at a slower pace at merchant wholesalers (0.5% vs 1.4% in July) and retailers (0.2% vs 0.9%). Manufacturing stockpiles, meanwhile, rose 0.5%, up slightly from 0.4%. On a yearly basis, business inventories grew by 4.6%.

Business inventories in the US went up by 0.8% month-over-month in July 2026, after an upwardly revised 0.1% increase in the prior month and above the expected 0.3% advance. This marked the strongest increase in inventories since March, reflecting stronger stock accumulation at merchant wholesalers (1.3% vs 0.4% in June); retailers (0.8% vs -0.2%) and manufacturers (0.4% vs 0.1%). Year-on-year, business inventories grew by 3.8%.

Business inventories in the US rose by 0.3% month-over-month in May 2026, following an upwardly revised 0.6% advance in April, matching market estimates. Stocks increased at a slower pace for merchant wholesalers (0.1% vs 0.7% in April); manufacturers (0.2% vs 0.3%) and retailers (0.6% vs 0.7%). Year-on-year, business inventories increased by 3.1%.