FX.co ★ US Wholesale Inventory Growth Confirmed at 4-Month High

US wholesale inventories increased 1.3% month-over-month in July 2026 to $958.9 billion, in line with the advance estimate and following an upwardly revised 0.4% gain in June. This was the sixth consecutive monthly increase and the strongest rise since March.

Nondurable goods inventories climbed 1.6% in July, reversing a 0.3% decline in June. The rebound was driven primarily by petroleum inventories, which jumped 6.5% after a 6.2% drop in June, and farm products, which rose 3.9% following a 0.1% decrease. Paper and drug inventories each advanced 1.6%, with growth accelerating compared with June.

Durable goods inventories rose 1.1% in July, up from a 0.8% increase in June. The gain was led by larger stocks of computer equipment (5.9% vs. 2.9% in June), professional equipment (2.7% vs. 0.7%), and electrical products (2.3% vs. 1.0%).

On a yearly basis, wholesale inventories were up 5.7%, unchanged from the previous estimate.