US wholesale inventories +1.3% in line with expectations
U.S. wholesale inventories increased strongly in July, while sales rebounded following June’s decline. Inventories grew faster than sales during the month, pushing the inventories-to-sales ratio modestly higher. Wholesale inventories July inventories: $958.9 billion Month over month: +1.3% versus 1.3% expected Year over year: +5.7% The monthly increase was unrevised from the advance estimate The 1.3% rise in inventories was…











