Wholesale Inventories In July Unchanged From First Estimate

The second estimate for wholesale inventories in July rose 0.2 percent, unchanged from the first estimate and up from a revised 0.1 percent decline in June. Sales at the wholesale level, which are the new data in today's report, rose 0.3 percent, roughly in line with the inventory build to keep the inventory-to-sales ratio in the sector unchanged at a favorable 1.36.