USD
  • Prior 0.3%
  • Business inventories 0.4% vs 0.3% expected
  • Retail inventories ex-autos 0.5% vs 0.2% last month

Sales:

  • July distributive trade sales and manufacturers' shipments: $1,880.7 billion
  • Increase from June 2024: 1.1%
  • Increase from July 2023: 2.9%

Inventories:

  • July manufacturers' and trade inventories: $2,574.9 billion
  • Increase from June 2024: 0.4%
  • Increase from July 2023: 2.5%

Inventories/Sales Ratio:

  • July 2024 ratio: 1.37
  • July 2023 ratio: 1.37

The Inventory to sales ratio is back within the pre-Covid range after the Covid volatility in 2020 and 2021 (and into early 2022). That seems to be the sweet spot.

Inventories to sales