US business inventories for June +0.8% versus +0.8% estimate


US business inventories for June 2021 - 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% The Inventory to sales ratio continues to fall which remains a problem as supply chain issues and chip

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