AI Data Insight
In June 2026, the US retail inventory-to-sales ratio (excluding motor vehicles and parts) stood at 1.08, flat from the previous month and remaining at a recent low. Although retailers intend to maintain light inventories to mitigate risks, the unexpected decline in US retail sales in July indicates emerging weakness in end-consumer demand. Moving forward, amid cooling consumption and destocking pressures, the momentum for inventory restocking is likely to be suppressed.