U.S. business inventories rise 0.8% in July, strongest increase since March

  • Business inventories rose 0.8% month over month in July 2026.
  • 0.8% exceeded the expected 0.3% advance and marked the strongest rise since March.
  • Merchant wholesalers led July at 1.3%; retailers rose 0.8% and manufacturers 0.4%.

U.S. business inventories increased 0.8% month over month in July 2026, following an upwardly revised 0.1% rise in June and exceeding the expected 0.3% advance. It was the strongest monthly increase since March, led by merchant wholesalers, where inventories rose 1.3% compared with 0.4% in June. Retail inventories increased 0.8% after falling 0.2% in June, while manufacturers’ inventories rose 0.4% after a 0.1% increase. Business inventories were up 3.8% year over year.

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