US wholesale inventories for July revised came in at 0.6% versus 0.6% estimate. That was also equal to the preliminary report.
US wholesale sales came in at 2.0%. That also was unrevised from the preliminary report.
June wholesale inventories increase by 1.2%
inventory to sales ratio came in at 1.2 versus 1.33% in July. The inventory to sales ratio is at the lowest level since 2014. The supply chain issues continue to weigh on the inventory supply.
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