US business sales slipped 1.1 percent in June as inventories held virtually flat
One soft month sits inside a year in which sales are still up 10 percent and stockrooms have stopped filling.
The Census Bureau estimated the combined value of distributive trade sales and manufacturers' shipments for June at $2,111.3 billion, down 1.1 percent from May 2026 but up 10.0 percent from June 2025, adjusted for seasonal and trading day differences but not for price changes. Manufacturers' and trade inventories finished the month at $2,740.2 billion, virtually unchanged from May and up 3.0 percent from a year earlier. That left the total business inventories to sales ratio at 1.30 at the end of June, against 1.39 in June 2025, meaning firms are carrying noticeably less stock relative to what they sell. The release, numbered CB26-132, was published on August 14.
Scripture for Reflection
“A Psalm of David. The earth is the LORD’s, and the fullness thereof, the world and all who dwell therein.”
We can read a page of national totals and still remember that none of it is finally ours to keep.
