Business Inventories Rise 0.4% M/M in July, Meeting Expectations
Tuesday, 17 September 2024, 07:00
Business Inventories Data Overview
Business inventories showed a significant rise of 0.4% M/M in July, closely matching consensus projections. This increase brought total inventories to $2,574.9 billion, an improvement over June's increment of 0.3%.
Key Statistics
- Total Inventories in July: $2,574.9 billion
- Month Over Month Increase: 0.4%
- Previous Month's Increase (June): 0.3%
Implications for Economic Trends
This rise in business inventories is a positive indicator for economic momentum, suggesting strong demand dynamics in the marketplace.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.