US Wholesale Inventories Rise More than Expected

US wholesale inventories fell by 0.5% month-over-month to $909.3 billion in January 2026, the most since December 2024, after a downwardly revised 0.1% decrease in December and missing line expectations of a 0.2% increase. Inventories of non-durable goods fell 1.5%, following a 0.8% decrease in the previous month, while durable goods stocks remained unchanged, after a 0.2% increase in November. On a yearly basis, wholesale inventories grew 1% in January.

US wholesale inventories rose by 0.2% month-over-month to $917.2 billion in December 2025, matching November's reading and in line with market forecasts. Inventories of durable goods increased by 0.3%, the same pace as in the previous month, while non-durable goods stocks remained unchanged, after a 0.1% increase in November. On a yearly basis, wholesale inventories grew 2.8% in December.

US wholesale inventories rose by 0.2% to $915 billion in November 2025, maintaining the same pace as in October. It was the third consecutive month of mild increases in inventories. Durable goods stocks went up 0.2%, after decreasing by 0.1% in the prior month, mainly on the back of electrical equipment (+1.7%), miscellaneous durables (+1.3%) and computer equipment (0.9%) offsetting a 3.5% decline in furniture. Nondurable goods inventories increased by 0.2%, following a 0.7% rise in October, as higher stocks of drugs (+1%), apparel (+0.6%), groceries (+0.4%), alcohol (+0.4%) and farm products (+0.2%) were outweighed by decreases in paper (-2.9%) and chemicals (-1%). On a yearly basis, wholesale inventories grew by 1.8% in November.