US February Business inventories 0.4% vs 0.4% estimate

• Prior month unchanged
• Business inventories 0.4% vs 0.4% estimate and Unchanged last month
• Retail inventories 0.4% vs 0.3% last month (revised from 0.4% previously reported)

Details

Sales:

• Total value of distributive trade sales and manufacturers’ shipments in February was estimated at $1,866.5 billion.
• This represents an increase of 1.6% from January 2024 and a 1.0% rise from February 2023.

Inventories:

• Manufacturers’ and trade inventories in February were estimated at $2,567.5 billion.
• Inventories were up 0.4% from January 2024 and 1.0% from February 2023.

Inventories/Sales Ratio:

• The ratio of total business inventories to sales was 1.38 at the end of February.
• This is a slight increase from the February 2023 ratio of 1.37.

This article was written by Greg Michalowski at www.forexlive.com.