Business inventories in the US rose by 0.8% month-over-month in July 2026, after an upwardly revised 0.1% increase in the prior month and above the expected 0.3% advance. This marked the strongest increase in inventories since March, reflecting higher stocks at merchant wholesalers (1.3% vs 0.4% in June); retailers (0.8% vs -0.2%) and manufacturers (0.4% vs 0.1%). Year-on-year, business inventories grew by 3.8%.