Wholesale inventories in the US rose by 0.6% in July


Commodity stocks in wholesale warehouses in the US rose 0.6% in July after rising 0.1% in June, the country's Ministry of Trade reported. In annual terms, reserves growth was 5%. Experts expect that enterprises will continue to increase their reserves amid increased domestic demand, which will affect GDP growth in the third quarter. In July, equipment stocks grew by 1.2%, stocks of agricultural products - by 1.4%. At the same time, in July, there was a decrease in car stocks by 1.1% and oil reserves - by 1.7%. Wholesale sales remained at the level of June, when there was a fall of 0.2%. In addition, there was a decline in sales of cars, computer equipment, furniture and professional equipment.

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