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US Business Inventories Rise for First Time in 2020

Business inventories in the United States rose in July, for the first time in 2020, data showed on Wednesday.

Business inventories increased by 0.1% in July, after decreasing by 1.1% in June, according to the US Department of Commerce.

Retail inventories grew by 1.2%, while wholesale inventories fell by 0.3%.

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