US August business inventories 0.3% vs 0.3% expected

• Prior month business inventories 0.4%
• Prior month retail inventories ex auto 0.5%
• Business inventories for August 0.3% versus 0.3% expected
• Retail inventories ex autos 0.5% versus 0.5% last month

Sales: The combined value of distributive trade sales and manufacturers’ shipments for August, adjusted for seasonal
and trading day differences but not for price changes, was estimated at $1,876.8 billion, down 0.2 percent
(±0.2 percent)* from July 2024, but was up 1.3 percent (±0.3 percent) from August 2023

Inventory/sales: The total business inventories/sales ratio based on seasonally adjusted data at the end of August was 1.38.
The August 2023 ratio was 1.36.

This article was written by Greg Michalowski at www.forexlive.com.



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