US March wholesale inventory advanced -0.4% versus 0.4% (revised from 0.5%) last month

• Wholesale inventories prior month +0.5% revised to 0.4%. Retail inventory ex air prior month +0.4% revised to +0.3%

• Advance Wholesale Inventories -0.4%

  • Wholesale inventories were $896.2 billion, a decrease of -0.4% from February 2024.
  • Year-over-year, wholesale inventories were down by -2.1% from March 2023.
  • The monthly change from January to February 2024 was revised slightly from a 0.5% increase to a 0.4% increase.

• Advance Retail Inventories ex air -0.1%

  • advance retail sales ex air -0.1% versus +.3% last month
  • Retail inventories were $788.1 billion, an increase of 0.3% from February 2024.
  • Year-over-year, retail inventories were up by 4.4% from March 2023.
  • The monthly change from January to February 2024 remained unrevised at a 0.5% increase.

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