Wholesale inventories for August, adjusted for seasonal variations and trading day differences and not for price changes, reached $913.1 billion in August—a rise of by 1.3 per cent over the July figure and 25.1 per cent over the August 2021 figure, the report revealed.

Retail inventories for August, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at $741 billion–up by 1.4 per cent over the July figure and by 21.6 per cent over the figure in the same month last year.

The US international trade deficit fell by $2.9 billion to $87.3 billion in August this year from $90.2 billion in July, recent data published by the US Census Bureau show. Exports of goods for the month were worth $179.8 billion, $1.7 billion less than the July figure, while goods imports for were worth $267.1 billion, $4.6 billion less than the July figure

Fibre2Fashion News Desk (DS)