United States Wholesale Inventories

US wholesale inventories were unchanged from a month earlier in November 2019, the same as in the previous month and missing market expectations of a 0.3 percent gain, preliminary estimates showed. Stocks of non-durable goods slowed (0.5 percent vs 0.8 percent in October) while those of durable goods fell at a softer pace (-0.4 percent vs -0.5 percent). Year-on-year, wholesale inventories grew 3.2 percent in November.

US wholesale inventories increased 0.1 percent from a month earlier in October of 2019, below preliminary estimates of 0.2 percent and after an upwardly revised 0.7 percent fall in the previous month. Stocks of non-durable goods rebounded (0.7 percent vs -1.3 percent in September) while those of durable goods dropped 0.3 percent, the same as in the prior month. Year-on-year, wholesale inventories grew 3.8 percent in October.

Wholesale inventories in the US rose 0.2 percent from a month earlier in October 2019, rebounding from an upwardly revised 0.7 percent fall in September and beating market expectations of a 0.6 percent decline, an advance estimate showed. Stocks of non-durable goods increased 0.6 percent, after dropping 1.4 percent in the previous month; while those of durables goods went down 0.1 percent, less than a 0.2 percent decline in September. Year-on-year, inventories advanced 3.9 percent in October.

Wholesale inventories in the US fell 0.4 percent from a month earlier in September 2019, compared to an initial estimate of a 0.3 percent drop and a revised final figure of 0.1 percent gain in August. Auto stocks slumped 1.2 percent (vs -0.3 percent in August) and furniture inventories declined 1.7 percent (vs -0.9 percent in August). Other notable decreases were recorded for metals (-0.8 percent vs -0.5 percent), drugs (-2.2 percent vs 0.6 percent), groceries (-1.2 percent vs 0.0 percent), farm products (-4.9 percent vs -2.9 percent), and petroleum (-2.0 percent vs -3.9 percent). Year-on-year, wholesale stocks rose 4.8 percent in September.

Wholesale stocks in the United States decreased 0.3 percent from a month earlier to USD 677.4 billion in September 2019, after being unchanged in the previous month, an advance estimate showed. Stocks of durable goods went down 0.1 percent, after rising 0.1 percent in August while those of non-durable goods slumped 0.7 percent (vs -0.1 percent in August). Year-on-year, inventories rose 5 percent in September.

Wholesale stocks in the United States increased 0.2 percent from a month earlier in August 2019, slower than a preliminary estimate of 0.4 percent, the same pace as in the prior month. Wholesale auto inventories rose less (0.1% vs 0.7% in July) while declines were recorded for professional equipment (-0.2% vs 0.6%) and computer equipment (-0.8% vs 0.8%). In contrast, inventories rose for machinery (0.9% vs a flat reading) and hardware stocks posted the largest gain since October 2018 (1.8% vs -0.4%). Meantime, stocks of non-durable goods advanced at a slower pace (0.1% vs 0.4%), largely due to petroleum (-4.5% vs -0.9%). The component of wholesale inventories that goes into the calculation of GDP advanced 0.2 percent in August. Year-on-year, inventories advanced 6.2 percent. Meanwhile, sales at wholesalers were unchanged (vs 0.2 percent in July), meaning that at August's sales pace it would take wholesalers 1.36 months to clear shelves, unchanged from July.