U.S. Inventories Down in June

Business inventories in the United States declined during the month of June by 1.1% after decreasing by 2.3% in May, according to data by the U.S. Census Bureau of the Department of Commerce

Retail inventories decreased by 2.6% in June, while wholesale inventories fell by 1.4%.

Due to recent events surrounding COVID-19, many businesses are operating on a limited capacity or have ceased operations completely, according to the Census Bureau.