Wholesale inventories in the United States increased 0.8 percent month-over-month in April 2019, faster than a preliminary estimate of 0.7 percent and after being unchanged in March. Wholesale auto stocks increased 3.8 percent, the largest gain since August 2018, after falling 0.3 percent in the prior month. The component of wholesale inventories that goes into the calculation of GDP advanced 0.5 percent in April. Meanwhile, sales at wholesalers fell 0.4 percent in April (vs 1.8 percent in March). At April's sales pace it would take wholesalers 1.34 months to clear shelves, up from 1.33 months in March. 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 0.40 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 -0.40 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.