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
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose