US Wholesale Inventories: August 2025 (DELAYED)

U.S. wholesale sales edged up +0.1% MoM in August 2025 to $711.1 billion, rising +6.1% YoY, reflecting a modest monthly increase alongside solid annual growth.
- Wholesale inventories were $907.9 billion, essentially flat MoM (0.0%) and up +1.1% YoY, indicating broadly stable stock levels compared with July.
- Durable goods inventories increased 0.1% MoM (but were down -0.2% YoY), offset by a nondurable goods inventories decline of -0.1% MoM (but were up 3.3% YoY).
- The June to July sales revision was adjusted to +1.3% MoM (from +1.4%), showing only a slight change in previously reported momentum.
- The July to August inventory change was revised from a preliminary 0.2% MoM to effectively unchanged, emphasizing limited month-to-month movement.
- The inventories-to-sales ratio held at 1.28 in August, down from 1.34 a year earlier, suggesting leaner inventories relative to stronger sales levels.