US Business Inventories and Sales Looking Good in June

Although not as strong an upward climb as in May, June’s inventories showed a continued surge with a 0.4 percent rise, not quite meeting May’s 0.5 percent. The figures were supplied by the US Department of Commerce which also revealed that there was a small gain in stock prices for non-automobile retailers.

The figures released last week for wholesale and manufacturing inventories point to a second-quarter growth estimate which may be slashed as much as a half of a percentage point by the time the government publishes its revisions on its predictions later this month.

Smaller inventories are a good sign for the third-quarter of GDP.

Sales are also on the rise. In June business sales went forward by 0.3 percent, matching a similar gain in May. If Junes pace were to continue it would take businesses to clear their shelves of their inventory in 1.20 months, the same as in May.

About Peter Jefferson

Peter Jefferson is a full-time researcher for, a task he took on in 2011 when the site was launched. He brings to the position a wealth of practical experience in the field of fiscal policy, having consulted with various government bodies on revenue collection, expenditure and economic growth. Contact Peter at peter[at]