US Wholesale Inventory Growth Revised Down

US wholesale inventories rose 0.2% month-over-month to $944.7 billion in June 2026, below a 0.3% gain in the advance estimate. The latest reading marked the fourth consecutive month of slower inventory growth after a 1.5% increase in March, the strongest since mid-2022. Compared with a year earlier, wholesale inventories were 4.2% higher. Meanwhile, the inventories-to-sales ratio for merchant wholesalers, excluding manufacturers’ sales branches and offices, stood at 1.19 on a seasonally adjusted basis, down from 1.30 in June 2025.

US wholesale inventories rose 0.3% month-over-month to $945.9 billion in June 2026, matching an upwardly revised 0.3% increase in May and exceeding market expectations of a 0.2% gain. According to preliminary data, inventories increased for a fifth consecutive month, supported by a 0.7% rise in durable goods stocks after a 0.2% increase in the previous month. Meanwhile, nondurable goods inventories fell 0.4%, reversing May's 0.4% gain. On an annual basis, wholesale inventories were up 4.4%.

US wholesale inventories rose 0.1% month-over-month to $941.8 billion in May 2026, following a 0.7% increase in April and below a 0.3% gain in the advance estimate. The latest reading marked the third consecutive month of slower inventory growth after a 1.5% increase in March, the strongest since mid-2022. Compared with a year earlier, wholesale inventories were 4.0% higher, accelerating from an upwardly revised 1.2% increase in May 2025. Meanwhile, the inventories-to-sales ratio for merchant wholesalers, excluding manufacturers’ sales branches and offices, stood at 1.15 on a seasonally adjusted basis, down from 1.31 in May 2025.