US wholesale inventories fell 0.1% month-on-month in July 2023, after an upwardly revised 0.7% decline in the previous month, preliminary estimates showed.
Inventories declined for durable goods (-0.3%, same pace as June), while they recovered slightly for non-durable goods (0.2% vs -1.2%). On an annual basis, wholesale inventories increased by 0.5% in July.
July wholesale inventories were $903.1 billion, down 0.1% from June.
Goods exports in July were US$164.8 billion, US$2.4 billion more than June exports.
Goods imports in July were $256 billion, $4.7 billion more than June imports.
Wholesale inventories for July, adjusted for seasonal variations and trading day differences but not price changes, were estimated at a month-end level of $903.1 billion, down 0.1%, an increase of 0.5% compared to July 2022.