Wholesale inventories in the U.S. increased by less than expected in the month of July, according to a report released by the Commerce Department on Friday.
The report showed wholesale inventories rose by 0.6 percent in July after surging by 1.8 percent in June. Economists had expected wholesale inventories to climb by 0.8 percent.
The smaller than expected advance in wholesale inventories came as a 1.0 percent jump in inventories of durable goods was partly offset by a 0.1 percent dip in inventories of non-durable goods.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.