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- USA
Main Indicator: Business Inventories
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.5% | 0.5% | N/A | ||
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For May (s.a.)
US Business Inventories y/y: 5.2%, pr. 5.4% (Apr), pr. 5.2% (Mar) US business inventories grew at about half the rate expected in May. Firms may be reducing stocks as the weaker economy ahead may limit sales. By keeping inventories lean, firms will have to order more goods on demand, helping to increase manufacturing. Usually lower inventories mean retailers are selling their goods and will need to resupply, but conditions here may be different as it may be a willing effort by firms to keep inventories low. |
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Table of Past Data
| 10/12 | 11/14 | 12/13 | 1/15 | 2/13 | 3/13 | 4/14 | 5/13 | 6/12 | 7/15 | ||
| Actual | 0.1% | 0.4% | 0.1% | 0.4% | 0.6% | 0.8% | 0.6% | 0.1% | 0.5% | 0.3% | |
| Forecast | 0.3% | 0.4% | 0.3% | 0.4% | 0.4% | 0.5% | 0.6% | 0.4% | 0.3% | 0.5% | |
| Previous | 0.5% | 0.3% | 0.4% | 0.1% | 0.4% | 0.6% | 0.9% | 0.5% | 0.2% | 0.5% | |
| Revised From | N/A | 0.1% | N/A | N/A | N/A | N/A | 0.8% | 0.6% | 0.1% | N/A | |
Secondary Indicator: Wholesale Inventories
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 0.8% | 0.7% | 1.3% | N/A | ||
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For May
Release from U.S. Census Bureau Current Release: PDF Stockpiles continue to rise even as sales of goods surged on back of petro sales. Sales roes 1.6% after an upwardly revised 1.6% in April. On the year sales are up 13.7%, and inventories grew 8.7%. The inventories-to-sales ratio declined to 1.08 from 1.13 in May, and continues a trend of decline. |
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Table of Past Data
| 10/10 | 11/7 | 12/11 | 1/10 | 2/8 | 3/10 | 4/9 | 5/8 | 6/6 | 7/8 | ||
| Actual | 0.1% | 0.8% | 0.0% | 0.6% | 1.1% | 0.8% | 1.1% | -0.1% | 1.3% | 0.8% | |
| Forecast | 0.2% | 0.2% | 0.5% | 0.4% | 0.3% | 0.5% | 0.5% | 0.5% | 0.5% | 0.7% | |
| Previous | 0.2% | 0.7% | 0.6% | 0.0% | 0.8% | 1.1% | 1.3% | 0.9% | 0.1% | 1.3% | |
| Revised From | N/A | 0.1% | 0.8% | N/A | 0.6% | N/A | 0.8% | 1.1% | -0.1% | N/A | |
Past Releases
Business Inventories
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Actual | Forecast | Previous | Revised Form | |
| 0.5% | 0.3% | 0.2% | 0.1% | ||
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For April (s.a.)
US Business Inventories y/y: 5.4%, pr. 5.2%
Business stockpiles grew, with main contributions from non-automotive industries. From the release: Sales. The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for April, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,177.7 billion, up 1.4 percent (±0.2%) from March 2008 and up 6.8 percent (±0.5%) from April 2007. |
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Actual | Forecast | Previous | Revised Form | |
| 1.3% | 0.5% | 0.1% | -0.1% | ||
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For April
Inventories increased 1.3%, more than expected, and sales were up 1.4%. The inventory to sales ratio was at 1.09, meaning firms had enough goods on hand to last 1.09 months at the current sales pace, down from the prior month and a matching a record low reached in November. This means firms are positioning themselves to be able to sell their stockpiles without having excess inventory. The higher inventory number however means that wholesalers may place less order lowering the industrial production numbers in the near term.
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.4% | 0.5% | 0.6% | ||
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For March (s.a.)
US Business Inventories y/y: 5.2%, pr. 5.2% Business inventories grew at a slower pace than expected as business sales increased by 1.0% in March and 6.3% on the year. The inventory-to-sales ratio dropped to 1.27 from February's 1.28. Firms are trying to be light on inventories in anticipation of slowing demands. |
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Actual | Forecast | Previous | Revised Form | |
| -0.1% | 0.5% | 0.9% | 1.1% | ||
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For March
Release from U.S. Census Bureau Official Release: PDF Inventories declined as sales of goods increased. Also, inventories of petroleum and petroleum products were down 5.6 percent from last month and inventories of farm product raw materials were down 3.9 percent. The inventory to sales ratio declined to 1.09. On the year, total stockpiles increased 6.8%. |
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Actual | Forecast | Previous | Revised Form | |
| 0.6% | 0.6% | 0.9% | 0.8% | ||
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For February (S.A).
US Business Inventories y/y: 5.2% Provided by: US Department of Commerce Business stockpiles grew but business sales waned. As the economy hits the breaks, businesses that are not reducing inventories will be left with unsold stockpiles. |
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Actual | Forecast | Previous | Revised Form | |
| 1.1% | 0.5% | 1.3% | 0.8% | ||
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For February
Inventories at US wholesalers rose more than forecast in February, as sales were down 0.8%. The 1.1% increase in inventories follows an upwardly revised 1.3% gain for January. The inventories to sales ratio of 1.12 is at a 5 month high. If sales continue to be slow, wholesalers will lower their orders of goods from producers until their stockpiles are run down. From The Release: "Sales. The U.S. Census Bureau announced today that February 2008 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations, trading-day differences, and moving holidays, but not for price changes, were $377.4 billion, down 0.8 percent (+/-0.5%) from the revised January level, but were up 12.2 percent (+/-1.2%) from the February 2007 level. Inventories. Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations but not for price changes, were $421.9 billion at the end of February, up 1.1 percent (+/-0.3%) from the revised January level and were up 7.4 percent (+/-1.2%) from a year ago. Inventories/Sales Ratio. The February inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.12. The February 2007 ratio was 1.17." |
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Actual | Forecast | Previous | Revised Form | |
| 0.8% | 0.5% | 0.6% | N/A | ||
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For January (S.A).
Provided by: US Department of Commerce Stockpiles grew, driven by a 1.3% increase in manufacturer inventories. Sales rebounded in January, but as we saw in today's February retail sales figures, that was short lived. Inventories will rise again in February as consumers are tightening their belts and hanging on their wallets. |
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Actual | Forecast | Previous | Revised Form | |
| 0.8% | 0.5% | 1.1% | N/A | ||
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For January
Release from U.S. Census Bureau |
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Actual | Forecast | Previous | Revised Form | |
| 0.6% | 0.4% | 0.4% | N/A | ||
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For December (S.A).
Inventories increased 0.6% in December, on account of lagging sales. The increase was the largest in 17 months, and was led by wholesalers (+1.1%) and manufacturers (+0.8%). Automakers (-1.6%) saw their inventories shrink, along with furniture and appliance stores (0.5%), while general merchandise and department stores (+0.9%) saw their inventories pile up. |
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Actual | Forecast | Previous | Revised Form | |
| 1.1% | 0.3% | 0.8% | 0.6% |
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Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.4% | 0.1% | N/A | ||
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For November (S.A). Official release from US Department of Commerce "The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for November was estimated at $1,156.1 billion, up 1.6 percent (±0.2%) from October 2007 and up 8.7 percent (±0.3%) from November 2006." "Manufacturers’ and trade inventories were estimated at an end-of-month level of $1,436.7 billion, up 0.4 percent (±0.1%) from October 2007 and up 3.5 percent (±0.3%) from November 2006." |
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Actual | Forecast | Previous | Revised Form | |
| 0.6% | 0.4% | 0.0% | N/A | ||
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For November y/y 4.2% Release from U.S. Census Bureau Stockpiles outgrew sales this past holiday shopping season. Sales of non-durables fared well, while durables declined. Also, the inventory/sales ratio continued to drop as businesses are more hesitant to stock up as the word "recession" has entered many recent economic discussions. "Inventories of motor vehicle and motor vehicle parts and supplies were up 2.3 percent from last month, and inventories of professional and commercial equipment and supplies were up 1.4 percent. End-of-month inventories of nondurable goods increased 0.8 percent (+/-0.5%) from October and were up 11.0 percent (+/-3.5%) compared to last November. Inventories of petroleum and petroleum products were up 2.6 percent from last month and inventories of chemicals and allied products were up 1.7 percent." |
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.3% | 0.4% | N/A | ||
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For October (seasonally adjusted) Inventories y/y +3.2% Release from US Census Bureau: Manufacturing and Trade Inventories and Sales Retail inventories were up 0.4%, while automakers shed stockpile by 0.4%. Inventories of furnitures, home furnishings etc. grew 2.1% as a result of the housing slump. |
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Actual | Forecast | Previous | Revised Form | |
| 0.0% | 0.5% | 0.6% | 0.8% | ||
| For October. | |||||
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Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.4% | 0.3% | 0.1% | ||
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For September. Business sales increased by 0.6% during September, while inventories increased 0.4%. |
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Actual | Forecast | Previous | Revised Form | |
| 0.8% | 0.2% | 0.7% | 0.1% | ||
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For Sept. Released by Commerce Department. Wholesale inventories rose more than expected in September. Inventories increased 0.8% for Septemeber, while August's number was revised up from 0.1% to 0.7%. Sales increased 1.3%. The amount of goods on hand relative to sales held fell to a new record low. It would take about a 1.1 month for a company to deplete its current inventory. Durable goods saw an increase of 0.7%, and automotive stocks increased 1.0% On an annual basis, inventories are up 5.2%, while sales are up 9.9%. It does not seem to be the case that lower sales are driving up the amount of inventory. |
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.3% | 0.5% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.2% | 0.2% | N/A | ||
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Stockpiles of non-durable goods shrank and held inventories to grow only 0.1% in August. The Commerce Department also revealed durable goods inventories rose 0.4%, with 2.4% increase in autos. Non-durables fell 0.4%, led by drop in petroleum stocks, which fell 3.3%.
Inventories of products related to housing fell, reflecting the contraction in that market. Lumber stock grew 1.0% while furnitures rose 0.3%. |
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