US wholesale inventories fell 0.1 percent from a month earlier in March 2019, instead of being unchanged as previously reported and after an upwardly revised 0.4 percent gain in February. Auto stocks dropped 0.9 percent after edging up 0.1 percent in the prior month, while wholesale apparel inventories increased 1.7 percent, easing from a 2 percent rise. Year-on-year, wholesale inventories grew 6.7 percent in March. 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 0.40 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 -0.40 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.