Manufacturers’ and trade inventories in the US fell 0.2 percent from a month earlier in November 2019, following a revised 0.1 percent rise in October and compared to market expectations of a 0.1 percent drop. It was the biggest decline in stocks since April 2017 as inventories at retailers slid 0.8 percent (vs 0.1 percent in October) and those at merchant wholesalers edged down 0.1 percent (vs 0.1 percent in October). On the other hand, stocks at manufacturers continued to rise (0.3 percent vs 0.2 percent). Year-on-year, business inventories were up 2.8 percent in November.
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. This page provides - United States Business Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: U.S. Census Bureau
Business 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 Business Inventories in the United States to stand at 0.20 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.