Key facts
- U.S. business inventories were unchanged in June.
- This followed a 0.4% rise in inventories in May.
- An increase in wholesale stocks contributed to the June figure.
- A decline in retail stocks offset the wholesale increase.
- The inventory stability reflects strong domestic demand.
U.S. business inventories remained unchanged in June, marking a flat reading that contrasts with a 0.4% increase observed in May. This stability in overall inventory levels was primarily driven by an increase in wholesale inventories. However, this rise was offset by a concurrent decline in inventories held by retailers. The dynamic suggests that retailers are actively managing their stock to align with strong domestic demand. The flat inventory figure indicates a balance between restocking at the wholesale level and depletion at the retail level, reflecting a healthy consumer market where goods are moving through the supply chain effectively.