"Manufacturers’ and trade inventories were estimated at an end-of-month level of $1,950.0 billion, up 0.6 percent from June 2018 and were up 4.3 percent from July 2017," the U.S. Census Bureau reported on Friday.
Key takeaways from the press release
- The combined value of distributive trade sales and manufacturers’ shipments for July was estimated at $1,454.1 billion, up 0.2 percent from June 2018 and was up 8.1 percent from July 2017.
- The total business inventories/sales ratio based on seasonally adjusted data at the end of July was 1.34. The July 2017 ratio was 1.39.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.