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U.S. wholesale inventories experienced a 0.2% increase month-over-month, reaching $908.4 billion in July 2025. This growth aligns with market expectations and follows a 0.1% rise in June, as per preliminary estimates. This marks the second consecutive month of inventory growth. Notably, stocks of non-durable goods grew by 0.8%, gaining momentum from a 0.2% increase observed the previous month. Conversely, inventories of durable goods decreased by 0.2%, reversing a 0.1% gain from June. On an annual basis, wholesale inventories rose by 1.3% in July.
