December 9, 2022

Forex Solution

Learn To Trade Forex

US business inventories for April -0.2% versus -0.1% estimate

1 min read

Business inventories for April 2021

Inventory/sales ratio
  • business inventories -0.2% versus -0.1% estimate. Prior month +0.3% revise to +0.2%
  • total business sales 0.6% versus 5.8% in March (was 5.7%). 
  • Manufacturing sales 0.4% versus 2.1% last month. 
  • Retail sales 0.5% versus 11.0% last month. 
  • Wholesalers sales 0.8% versus 4.3% last month
  • inventory – sales ratio 1.25 months versus 1.26 months last month
  • retail inventories -1.8% versus -1.4% last month
  • retail inventories ex autos revise to 0.6% versus 0.5%
  • manufacturing inventories increased 0.3% versus 0.8% last month
  • wholesale inventories +0.8% versus 1.2% last month

The inventory to sales ratio is at/near lows levels going back to 2012, as supply chain constraints in strong reopening sales demand skew the ratio lower. As inventories are depleted, prices could start to rise further.
Invest in yourself. See our forex education hub.




Source link

Copyright © All rights reserved. | Newsphere by AF themes.