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FOR IMMEDIATE RELEASE: Thursday, August 27, 2026

Advance Economic Indicators Report - July 2026

CB26-141



Advance International Trade in Goods
The international trade deficit was $118.8 billion in July, up $17.4 billion from $101.4 billion in June. Exports of goods for July were $199.4 billion, $6.0 billion less than June exports. Imports of goods for July were $318.2 billion, $11.4 billion more than June imports.


Advance Wholesale Inventories
Wholesale inventories for July, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $959.1 billion, up 1.3 percent (±0.2 percent) from June 2026, and were up 5.7 percent (±1.2 percent) from July 2025. The May 2026 to June 2026 percentage change was revised from the preliminary estimate of up 0.2 percent (±0.2 percent)* to up 0.3 percent (±0.2 percent).

Advance Retail Inventories
Retail inventories for July, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $838.5 billion, up 0.7 percent (±0.2 percent) from June 2026, and were up 3.8 percent (±0.7 percent) from July 2025. The May 2026 to June 2026 percentage change was unrevised from the preliminary estimate of down 0.2 percent (±0.2 percent)*.

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