US business inventories rise slightly above expectations in July
- Posted on September 17, 2024
- By Business News Today
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US business inventories rise slightly above expectations in July
U.S. business inventories saw a slight increase of 0.4% in July, higher than the expected 0.3%. This rise suggests that inventory investment might boost economic growth in the third quarter. Retail and motor vehicle inventories also saw notable increases, potentially offsetting the negative impact of a widening trade deficit.