Wholesale stocks in the United States rose 1.2 percent from a month earlier in January of 2019, following a 1.1 percent increase in the previous month and easily beating market expectations of a 0.2 percent gain. It was the biggest gain in wholesale inventories since October last year, when stocks fell by 0.5 percent. Stocks of nondurable goods advanced faster (1.6 percent from 0.1 percent in December), as stocks rebounded sharply for petroleum (10.7 percent from -5.2 percent) and drugs (1.3 percent from -1.2 percent). On the other hand, inventories of durable goods slowed (0.9 percent from 1.7 percent), namely automotive (1.4 percent from 1.6 percent); furniture (1.8 percent from 2.5 percent); hardware (1 percent from 1.7 percent) and machinery (1 percent from 1.5 percent) while electrical inventories went up faster (3 percent from 2.8 percent). Year-on-year, wholesale stocks advanced 7.7 percent. Wholesale Inventories in the United States averaged 0.39 percent from 1992 until 2019, reaching an all time high of 2.10 percent in May of 2011 and a record low of -2 percent in March of 2009.
Wholesale 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 Wholesale Inventories in the United States to stand at -0.20 in 12 months time. In the long-term, the United States Wholesale Inventories is projected to trend around 0.20 percent in 2020, according to our econometric models.