Business inventories in the United States increased 0.6 percent month-over-month in December of 2018, after showing no growth in November and in line with market expectations. Stocks rebounded at retailers (0.9 percent from -0.4 percent in November) and rose faster at wholesalers (1.1 percent from 0.4 percent). Meanwhile stocks were unchanged at manufacturers (from -0.1 percent) and increased at the same pace for autos and parts (0.6 percent, the same as in November). Retail inventories excluding autos, which go into the calculation of GDP, went up 1 percent in December, after a 0.9 percent fall in the previous month. Business Inventories in the United States averaged 0.28 percent from 1992 until 2018, 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 0.40 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.