"Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,869.3 billion, up 0.5 percent from May 2017 and were up 2.8 percent from June 2016," the U.S. Census Bureau said on Tuesday.

Key takeaways:

• The combined value of distributive trade sales and manufacturers’ shipments for June, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,356.8 billion, up 0.3 percent from May 2017 and was up 4.3 percent from June 2016
• The total business inventories/sales ratio based on seasonally adjusted data at the end of June was 1.38. The June 2016 ratio was 1.40.