Business inventories in the United States increased 0.3 percent month-over-month in February 2019, following an upwardly revised 0.9 percent advance in January and missing market expectations of a 0.4 percent gain. Inventories at manufacturers rose 0.3 percent (vs 0.5 percent in January), as well as those at retailers (vs 0.8 percent in January). In addition, stocks at merchant wholesalers were up 0.2 percent (vs 1.2 percent in January). Retail inventories excluding autos, which go into the calculation of GDP, increased 0.4 percent in February after advancing 0.7 percent in the prior month. 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.
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 0.10 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.