Prior 0.3%Business inventories 0.4% vs 0.3% expectedRetail inventories ex-autos 0.5% vs 0.2% last month
Sales:
July distributive trade sales and manufacturers’ shipments: $1,880.7 billionIncrease from June 2024: 1.1%Increase from July 2023: 2.9%
Inventories:
July manufacturers’ and trade inventories: $2,574.9 billionIncrease from June 2024: 0.4%Increase from July 2023: 2.5%
Inventories/Sales Ratio:
July 2024 ratio: 1.37July 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.
This article was written by Greg Michalowski at www.forexlive.com.
