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FOR IMMEDIATE RELEASE: Friday, August 29, 2025

Advance Economic Indicators Report - July 2025

CB25-134



Advance International Trade in Goods
The international trade deficit was $103.6 billion in July, up $18.7 billion from $84.9 billion in June. Exports of goods for July were $178.0 billion, $0.1 billion less than June exports. Imports of goods for July were $281.5 billion, $18.6 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 $908.4 billion, up 0.2 percent (±0.4 percent)* from June 2025, and were up 1.3 percent (±0.7 percent) from July 2024. The May 2025 to June 2025 percentage change was unrevised from the preliminary estimate of up 0.1 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 $809.3 billion, up 0.2 percent (±0.2 percent)* from June 2025, and were up 1.6 percent (±0.5 percent) from July 2024. The May 2025 to June 2025 percentage change was unrevised from the preliminary estimate of up 0.2 percent (±0.2 percent)*.

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