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US inventories stabilize in June
U.S. companies' inventories remained unchanged in June, offsetting an increase in wholesale inventories with a decline in retail inventories, reflecting strong domestic demand during the second quarter. Despite a 0.2% decrease in retail stockpiles, wholesale inventories rose by 0.2%, and manufacturing inventories increased by 0.1%. These changes contributed to a slowdown in GDP growth in the second quarter, which had an annual growth rate of 1.5%, even as domestic demand reached its highest level in over three years. The data also showed that the inventory-to-sales ratio stood at 1.39 months in June 2025.
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