Wholesale stocks in the United States increased 0.4 percent from a month earlier to USD 678.1 billion in May of 2019, easing from a downwardly revised 0.8 percent rise in the previous month and in line with preliminary estimates. The component of wholesale inventories that goes into the calculation of gross domestic product gained 0.2 percent in May. Wholesale auto inventories increased 1.8 percent after surging 3.9 percent in the prior month. There were also increases in professional equipment (1.6 percent), furniture (0.4 percent) and hardware inventories (0.6 percent). Year-on-year inventories 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 0.10 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 0.50 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.