Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Business Inventories in U.S. Rose More Than Forecast in July

Don't Miss Out —
Follow us on:
Business Inventories in U.S. Rose More Than Forecast in July
Retailers’ stockpiles, the only part of today’s inventory report that hasn’t been previously released, rose 0.8 percent in July, the biggest gain since January. Photographer: T.J. Kirkpatrick/Bloomberg

Sept. 13 (Bloomberg) -- Inventories at U.S. companies increased more than forecast in July, trailing a gain in sales that signals a pickup in factory orders.

Stockpiles rose 0.4 percent, the most in six months, after climbing a revised 0.1 percent in June, the Commerce Department reported today in Washington. The median estimate in a Bloomberg survey projected a 0.2 percent advance. Sales rose 0.6 percent in July.

Merchants had enough goods on hand to last 1.28 months at the current sales pace, the least since May 2012. Improved demand for goods including home furnishings and cars may encourage companies to replenish stockpiles.

The median forecast for business inventories was based on a Bloomberg survey of 44 economists. Estimates ranged from no change to a 0.5 percent gain. June was previously reported as unchanged.

Retailers’ stockpiles, the only part of today’s inventory report that hasn’t been previously released, rose 0.8 percent in July, the biggest gain since January. Sales advanced 0.4 percent.

Another Commerce Department report today showed retail purchases increased less than forecast in August. The 0.2 percent gain was the smallest in four months. The median forecast of economists surveyed by Bloomberg called for a 0.5 percent advance.

Eight of 13 major categories showed increased sales last month, led by auto dealerships, electronics outlets and furniture stores. Purchases of building materials, clothing and sporting goods fell.

The value of unsold cars and auto parts rose 0.8 percent in July as demand eased, today’s inventory report showed.

Factory inventories rose 0.2 percent in July and wholesaler stockpiles increased 0.1 percent.

To contact the reporter on this story: Lorraine Woellert in Washington at lwoellert@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.