Wholesale inventories in the United States increased 0.8 percent month-over-month to USD 652.1 billion in October 2018, slightly above a preliminary estimate of 0.7 percent and following an upwardly revised 0.7 percent rise in September. Automotive stocks jumped 3.4 percent (vs 2.5 percent in September) and machinery inventories climbed 2.1 percent (vs 1.4 percent). Stocks also rose at computer equipment (3.6 percent vs 2.5 percent), professional equipment (1.8 percent vs 1.1 percent) and electrical (0.9 percent vs 1.1 percent). Meanwhile, nondurable inventories fell 0.6 percent (vs -0.2 percent in September). Year-on-year, inventories rose 6.9 percent. Wholesale Inventories in the United States averaged 0.39 percent from 1992 until 2018, 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 0.50 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 0.68 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.