FX.co ★ U.S. Wholesale Inventories Growth Cools in August, Signaling Softer Stockpiling by Businesses

U.S. wholesale inventories grew at a slower pace in the latest month, pointing to a moderation in stockpiling activity across the distribution sector. According to data updated on 30 September 2026, wholesale inventories rose 0.7% on a month-over-month basis, compared with a 1.3% increase recorded in July 2026.

The figures are presented on a month-over-month basis, meaning the current reading reflects the change in inventories for the latest reported month versus the prior one, while the previous figure shows how July’s inventories changed compared with June. The deceleration from 1.3% to 0.7% suggests wholesalers are still building stock, but at a reduced rate, potentially indicating more cautious expectations for future demand or a move closer to desired inventory levels after stronger accumulation earlier in the summer.