US: Wholesale inventories rose 0.6% in July vs 0.7% expected

"Total inventories of merchant wholesalers were $636.3 billion at the end of July, up 0.6 percent from the revised June level," the U.S. Census Bureau announced today.

Key takeaways from the press release

• July 2018 sales of merchant wholesalers were $505.6 billion, virtually unchanged from the revised June level, but were up 9.8 percent from the July 2017 level.
• The July inventories/sales ratio for merchant wholesalers was 1.26. The July 2017 ratio was 1.32.