US business inventories rose 0.3 percent from a month earlier in May 2019, following a 0.5 percent advance in April and matching market expectations. Stocks at retailers increased 0.4 percent (vs 0.6 percent in April), as well as those at wholesalers (vs 0.8 percent in April) while inventories at manufacturers rose 0.2 percent, the same pace as in the previous month. Year-on-year, business inventories increased 5.3 percent in May. Business Inventories in the United States averaged 0.28 percent from 1992 until 2019, reaching an all time high of 1.30 percent in May of 1994 and a record low of -2 percent in December of 2008.
Business Inventories in the United States is expected to be 0.50 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 0.30 in 12 months time. In the long-term, the United States Business Inventories is projected to trend around 0.20 percent in 2020, according to our econometric models.