US wholesale inventories rose 1.3% month over month to $958.9 billion in July 2025, matching the advance estimate and following an upwardly revised 0.4% increase in June. The gain marked a sixth consecutive monthly increase and the strongest rise since March. Durable goods inventories climbed 1.1%, while nondurable goods inventories increased 1.6%, including a 6.5% rise in petroleum stocks. Wholesale sales rebounded 0.8% in July after falling 2.9% in June. At July’s sales pace, wholesalers would need 1.20 months to clear inventories, compared with 1.19 months in June, while the inventories-to-sales ratio stood at 1.28 months. Inventories, an important component of gross domestic product, increased 0.4% in July and rose 5.7% from a year earlier. Businesses have been replenishing stocks after inventories were drawn down for five consecutive quarters amid strong domestic demand. Inventories reduced second-quarter GDP growth by 0.72 percentage point, when the economy expanded at a 1.5% annualized rate. Current estimates for third-quarter growth are running above a 2% pace.