FX.co ★ US Retail Inventories Ex-Auto See Modest Increase in July 2024

In a notable upward trend, the United States has seen its retail inventories excluding automobiles increase by 0.5% in July 2024, marking a slight but significant rise from the previous 0.3% recorded in the same month. This data update, confirmed on September 17, 2024, adds a layer of optimism amidst a cautious economic environment.

The 0.2% increase indicates a modest yet encouraging growth in retail inventories, suggesting that retailers are anticipating a steady demand. This adjustment in inventory levels can be seen as a proactive measure by businesses aiming to balance supply with consumer needs more effectively.

As the U.S. continues to navigate complex economic conditions, this growth in retail inventories ex-auto offers a positive signal. Stakeholders and market analysts will be closely monitoring upcoming data to gauge whether this trend will sustain in the subsequent months.