July wholesale inventories increase 0.2% over June
Wholesale inventories for July were estimated at an end-of-month level of $908.4 billion, up 0.2% (±0.4%) from June 2025, and were up 1.3% (±0.7%) from July 2024, according the U.S. Census Bureau. Estimates were adjusted for seasonal variations and trading day differences, but not for price changes.
The May 2025 to June 2025 percentage change was unrevised from the preliminary estimate of up 0.1% (±0.2%).
The international trade deficit was $103.6 billion in July, up $18.7 billion from $84.9 billion in June. Exports of goods for July were $178.0 billion, $0.1 billion less than June exports. Imports of goods for July were $281.5 billion, $18.6 billion more than June imports.
Retail inventories for July, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $809.3 billion, up 0.2% (±0.2%) from June 2025, and were up 1.6% (±0.5%) from July 2024. The May 2025 to June 2025 percentage change was unrevised from the preliminary estimate of up 0.2% (±0.2%).