{"id":13080,"date":"2026-08-28T13:50:01","date_gmt":"2026-08-28T17:50:01","guid":{"rendered":"https:\/\/distributionstrategy.com\/?p=13080"},"modified":"2026-09-11T10:43:16","modified_gmt":"2026-09-11T14:43:16","slug":"u-s-wholesale-inventories-rise-1-3-in-july","status":"publish","type":"post","link":"https:\/\/distributionstrategy.com\/2026\/08\/u-s-wholesale-inventories-rise-1-3-in-july\/","title":{"rendered":"U.S. Wholesale Inventories Rise 1.3% in July"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><em>Why This Matters to Distributors:<\/em><\/strong> <em>U.S. wholesalers added $13 billion in inventory in July, with stocks rising in both durable and nondurable goods. Wholesale inventories are now 5.7% higher than a year ago, putting more pressure on distributors to make sure sales keep pace with the products they are carrying.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">U.S. wholesale inventories rose 1.3% in July, as distributors increased stocks of both durable and nondurable goods, according to new data from the U.S. Census Bureau.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Merchant wholesale inventories totaled seasonally adjusted $959.1 billion at the end of July, up from a revised $946.4 billion in June and $907 billion in July 2025. That put inventories 5.7% above year-earlier levels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The monthly increase added about $12.7 billion to wholesalers&#8217; inventories.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"760\" height=\"663\" src=\"https:\/\/distributionstrategy.com\/wp-content\/uploads\/2026\/08\/wholesale_inventories_chart.jpg\" alt=\"\" class=\"wp-image-13081\" srcset=\"https:\/\/distributionstrategy.com\/wp-content\/uploads\/2026\/08\/wholesale_inventories_chart.jpg 760w, https:\/\/distributionstrategy.com\/wp-content\/uploads\/2026\/08\/wholesale_inventories_chart-300x262.jpg 300w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Durable goods inventories increased 1.2% to $597.7 billion and were 5.4% higher than a year ago. Nondurable goods inventories rose 1.6% to $361.4 billion and were up 6.4% year over year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The July increase followed a much smaller gain in June. The Census Bureau revised June&#8217;s increase to 0.3% from an earlier estimate of 0.2%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report covers merchant wholesalers, including industrial distributors, wholesale merchants, jobbers, exporters, and importers. It excludes manufacturers&#8217; sales offices and branches, as well as wholesale electronic markets and agents and brokers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The inventory increase came as U.S. goods imports rose sharply in July.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Imports increased $11.4 billion from June to $318.2 billion, while exports fell $6 billion to $199.4 billion. The goods trade deficit widened to $118.8 billion from $101.4 billion in June.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Capital goods imports increased 11.3% from June to $140.1 billion and were 46.9% higher than a year ago. Industrial supplies imports moved in the opposite direction, falling 3.9% for the month and 11.7% from July 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the export side, capital goods increased 2.9% from June and 13.1% from a year earlier. Industrial supplies exports dropped 11.2% for the month but remained 18.4% higher than in July 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Census Bureau&#8217;s figures are advance estimates adjusted for seasonal and trading-day differences but not for price changes. Wholesale inventory estimates are based on a sample of about 4,200 U.S. wholesale firms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The inventory increase does not necessarily indicate that distributors are overstocked. The advance report does not include wholesale sales or the inventory-to-sales ratio needed to measure how quickly wholesalers are moving the products they have on hand.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Those figures will provide a clearer indication of whether July&#8217;s inventory increase reflects distributors stocking for stronger demand or inventories accumulating faster than sales.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/distributionstrategy.com\/subscribe\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Do not miss any content from Distribution Strategy Group. Join our list.<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capital goods imports increased 11.3% from June to $140.1 billion and were 46.9% higher than a year ago. <\/p>\n","protected":false},"author":8,"featured_media":11387,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_tec_requires_first_save":true,"content-type":"","_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_tribe_blocks_recurrence_rules":"","_tribe_blocks_recurrence_description":"","_tribe_blocks_recurrence_exclusions":"","_featured_video_url":"","footnotes":""},"categories":[4,310,313,312],"tags":[],"coauthors":[208],"class_list":["post-13080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-distribution-industry-news","category-economics-market-data","category-industry-news-analysis-vertical-markets","category-wholesale-trade-census-data"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - 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