US March business inventories 0.0% vs 0.0% expected
March business inventory data
- Prior was +0.3% (unrevised)
- Sales +1.6% vs +0.2% prior
- Inventory to sales ratio 1.37 vs 1.39 prior
There isn't much to say about this data. It's bang on expectations and rarely moves the market when it misses anyway. Some importers from China are undoubtedly wishing they had stockpiled more inventory.