Business inventories in the United States increased 0.6 percent month-over-month in October of 2018, following an upwardly revised 0.5 percent rise in September and in line with market expectations. Stocks went up faster at retailers (0.8 percent compared to 0.1 percent in September), wholesalers (0.8 percent compared to 0.7 percent) and for autos and parts (1.1 percent compared to 0.5 percent) but increased less for manufacturers (0.1 percent compared to 0.6 percent). Retail inventories excluding autos, which go into the calculation of GDP, jumped 0.7 percent after falling 0.1 percent in September. Business Inventories in the United States averaged 0.28 percent from 1992 until 2018, 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 0.20 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 2020, according to our econometric models.