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FOR IMMEDIATE RELEASE: Tuesday, September 16, 2025

Manufacturing and Trade Inventories and Sales: July 2025

CB25-138



Sales
The combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,948.2 billion, up 1.0 percent (±0.2 percent) from June 2025 and was up 4.0 percent (±0.3 percent) from July 2024.

Inventories
Manufacturers’ and trade inventories for July, adjusted for seasonal and trading day differences but not for price changes, were estimated at an end-of-month level of $2,666.7 billion, up 0.2 percent (±0.1 percent) from June 2025 and were up 1.5 percent (±0.3 percent) from July 2024.

Inventories/Sales Ratio
The total business inventories/sales ratio based on seasonally adjusted data at the end of July was 1.37. The July 2024 ratio was 1.40.

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* The 90 percent confidence interval includes zero. There is insufficient evidence to conclude that the actual change is different from zero.

Release Files

Files are available as Excel or Adobe PDF. All files are [<1 MB].

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