FX.co ★ US Business Inventories Hit Highest Monthly Growth Since January

In October 2025, U.S. business inventories saw an uptick of 0.3% from the previous month, representing the fastest growth rate since January 2025, and surpassing market predictions of a 0.2% increase. This comes after a revised upward gain of 0.3% in September. The increase was primarily driven by retailer inventories, which rose by 0.6%, compared to a 0.5% rise in the previous month. In contrast, manufacturers' inventories remained unchanged following a 0.1% decrease in September. Wholesale inventories experienced a smaller increase of 0.2%, down from a 0.5% rise. Overall, on an annual basis, total business inventories expanded by 1.4% in October.