Business inventories in the United States were unchanged in March 2019, following a 0.3 percent increase in February and matching market expectations. Inventories at manufacturers rose 0.4 percent (vs 0.3 percent in February), while stocks at retailers dropped 0.3 percent (vs 0.2 percent in February) and those at merchant wholesalers were down 0.1 percent (vs 0.4 percent in February). Retail inventories excluding autos, which go into the calculation of GDP, were flat in March. 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 0.30 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 0.10 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.