US wholesale inventories increased 0.2 percent from a month earlier in February 2019, following a 1.2 percent advance in January and missing market expectations of a 0.5 percent gain. Wholesale auto stocks edged up 0.1 percent (vs 1.5 percent in January), while apparel inventories jumped 1.8 percent (vs 1.6 percent in January). Meanwhile, sales at wholesalers increased 0.3 percent in February (vs 0.5 percent in January), boosted by increases in sales of motor vehicles, furniture, professional equipment and electrical goods, while sales of wholesale groceries dropped the most since April 2004. 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.