Manufacturers’ and trade inventories in the US dropped 2.3 percent from a month earlier in May 2020, following an upwardly revised 1.4 percent fall in April and matching market expectations. It was the biggest decline in business inventories on record, amid the coronavirus pandemic. Stocks dropped at retailers (-6.2 percent vs -3.8 percent in April) and wholesalers (-1.2 percent vs 0.2 percent). Meanwhile, stocks at manufacturers rose 0.2 percent, rebounding from an upwardly revised 0.5 percent fall in the prior month. Year-on-year, business inventories went down 4.8 percent.
Business Inventories in the United States averaged 0.26 percent from 1992 until 2020, reaching an all time high of 1.30 percent in May of 1994 and a record low of -2.30 percent in May of 2020. This page provides - United States Business Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Business Inventories - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: U.S. Census Bureau
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 0.50 in 12 months time. In the long-term, the United States Business Inventories is projected to trend around 0.20 percent in 2021, according to our econometric models.