U.S. Business Inventories Unchanged In March, Matching Expectations
15 Maggio 2019 - 12:20PM
RTTF2
A report released by the Commerce Department on Wednesday showed
no change in U.S. business inventories in the month of March.
The report said business inventories were virtually unchanged in
March after rising by 0.3 percent in February. Economists had
expected inventories to be unchanged.
Business inventories came in flat as a 0.4 percent increase in
manufacturing inventories was offset by a 0.3 percent drop in
retail inventories and a 0.1 percent dip in wholesale
inventories.
Meanwhile, the Commerce Department said business sales surged up
by 1.6 percent in March following a 0.2 percent uptick in
February.
Wholesale and retail sales surged up by 2.3 percent and 1.8
percent, respectively, while manufacturing sales climbed by 0.7
percent.
With inventories unchanged and sales spiking, the total business
inventories/sales ratio fell to 1.37 in March from 1.39 in
February.
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