US business inventories for June 2021
- prior was +0.5% revised to +0.6%
- business inventories for June MoM 0.8% versus 0.8% estimate
- business sales +1.4% versus -0.2% in May (revised from -0.3 percent). Sales year on year up 19.9%
- inventory to sales ratio 1.25 months versus 1.26 months last month
The Inventory to sales ratio continues to fall which remains a problem as supply chain issues and chip shortage push that ratio lower.