US Corporate Inventories Rise by 0.4% in August, Meeting Expectations

Corporate inventories in the United States increased by 0.4% in August, following a 0.9% rise in July, according to data released by the US Census Bureau. This result aligned with economists' expectations. On a year-over-year basis, inventories were 4.6% higher. Businesses are reportedly restocking inventories that had been declining for five consecutive quarters due to strong domestic demand, particularly consumer spending and AI investments.