US business inventories for March comes in at 0.0% vs 0.1% expected

Author: Greg Michalowski | Category: News

Prior month 0.6%

The US business inventories come in weaker than last month and weaker than expectations
  • Inventories were unchanged in March
  • The prior month was at 0.6%
  • The inventory to sales ratio 1.34 montsh vs 1.35 months in February
  • Business sales were 0.5% vs 0.5% in Feb (revised higher from 0.4%)
  • The level is the lowest since October 2017
  • Auto inventories fell -1.1% vs 0.8% gain in February
  • Retail inventories ex autos, which go into GDP, fell -0.1% vs a 0.2% gain in February
  • Wholesale inventories rose 0.3%
The data will go into the 1Q GDP revision calculations. The Commerce Department estimated inventory investment added 0.43% to the 2.3% overall gain.  The -0.1% fall in retail inventories ex auto should be a negative for the revision (all things equal). 

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