Advance inventories nearly netted out flat in March with wholesale inventories rising and retail declining.

Advance Wholesale Inventories

Wholesale inventories for March, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $628.8 billion, up 0.5 percent (±0.2 percent) from February 2018, and were up 5.8 percent (±0.9 percent) from March 2017. The January 2018 to February 2018 percentage change was unrevised from up 1.0 percent (±0.2 percent).

Advance Retail Inventories

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Retail inventories for March, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $625.6 billion, down 0.4 percent (±0.2 percent) from February 2018, and were up 1.6 percent (±0.5 percent) from March 2017. The January 2018 to February 2018 percentage change was unrevised at up 0.4 percent (±0.2 percent).

There is not much of interest in this report. Data for March is nearly in. The advance GDP estimate for the first quarter will be out tomorrow.

Mike "Mish" Shedlock

Wholesale and Retail Inventories Rise

Census bureau reports show wholesale and retail inventories jumped in November.

Wholesale Inventories Down 0.4%, Retail Down 0.1%

Wholesale and retail inventories both declined in October according to the Census Bureau Advance Indicators report.

Wholesale Inventory Build Continues as Retail Sales Flounder

Wholesale inventories rose 1.0% nearly matching the consensus 1.1% estimate.

Wholesale Inventories Rise 0.3% in March vs 0.5% Expectation

Wholesale inventories rose less than economists expected. The advance estimate was simply too high.

Wholesale Inventories Jump 0.7%, Retail Up 0.1%: Impact on GDP?

The Census Bureau Advance Inventory Report shows wholesale inventories rose 0.7% while retail inventories were up 0.1%.

Inventories: Another Hit to GDP Estimates for First Quarter

Wholesale inventories declined 0.1% for March while retail inventories rose 0.4% according to Advance Indicators from the Census Department.

Inventories Soar in December

Wholesale inventories rose 1.1 percent in December. Retail inventories rose 0.9%.

Wholesale Sales -0.5% Inventories +0.4%

Perhaps there will be an inventory build for the quarter after all because the build in wholesale inventories is not matched by reported sales.

Wholesale Inventories Up 0.4 Percent: Spotlight on Autos

Wholesale inventories were up 0.4% in December vs expectations of a 0.2% rise. Revisions knocked November lower.