With a drop in retail inventories offsetting an increase in manufacturing inventories, the Commerce Department released a report on Thursday showing U.S. business inventories were virtually unchanged in the month of June.
The Commerce Department said business inventories came in flat in June after rising by 0.3 percent in May. Economists had expected inventories to inch up by 0.1 percent.
Retail inventories fell by 0.3 percent in June after climbing by 0.3 percent in May, while manufacturing inventories rose by 0.2 percent for the second consecutive month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.