Business inventories in the United States increased 0.5 percent from the previous month in April of 2019, after showing no growth in March and in line with market expectations. Inventories at merchant wholesalers rose 0.8 percent (from a flat reading in March) and those at retailers went up 0.5 percent, after falling 0.3 percent. Also, stocks at manufacturers increased 0.3 percent, easing from a 0.4 percent gain. Retail inventories excluding autos, which go into the calculation of GDP, advanced 0.4 percent, after being flat in the prior month. 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.