Manufacturers’ and trade inventories in the US fell 1.3 percent from a month earlier in April of 2020, following an upwardly revised 0.3 percent drop in March and compared with market expectations of a 0.8% decline. It was the biggest fall in business inventories since August of 2009, as stocks went down at retailers (-3.7 percent vs 1.1 percent in March) and manufacturers (-0.4 percent vs -1.1 percent). On the other hand, inventories at wholesalers increased 0.3 percent, rebounding from a 1.1 percent decrease. Year-on-year, business inventories slid 2.2. percent.
Business Inventories in the United States averaged 0.27 percent from 1992 until 2020, reaching an all time high of 1.30 percent in May of 1994 and a record low of -2 percent in December of 2008. This page provides - United States Business Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Business Inventories - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: U.S. Census Bureau
Business Inventories in the United States is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Inventories in the United States to stand at 0.20 in 12 months time. In the long-term, the United States Business Inventories is projected to trend around 0.20 percent in 2021, according to our econometric models.