US business inventories for April 0.5% versus 0.5% estimate

Author: Greg Michalowski | Category: News

US business inventories for April 2019


US business inventories
The US business inventories for April came in at 0.5% which was spot on the expectations. In April, inventories came in unchanged.

  • business sales -0.2% versus March +1.3%
  • motor vehicle inventories surged 0.8%
  • April retail inventories ex-autos unrevised at +0.4%. This goes into the GDP calculations. 
  • inventory to sales ratio 1.39 months versus 1.38 months in March
Business inventories rebounded by April sales fell.  inventories overall are still expected to be a drag on economic growth in the 2nd quarter
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