⚡ Easily Trade – Apple, Microsoft, Tesla and Google Stocks – Open a FREE Account Here


U.S. Business Inventories Edge Down In Line With Estimates In March

The Commerce Department released a report on Wednesday showing a modest decrease in business inventories in the U.S. in the month of March.

The report said business inventories edged by 0.1 percent in March after climbing by 0.3 percent in February. The dip matched economist estimates.

The slight decrease by business inventories came as wholesale inventories fell by 0.4 percent in March after rising by 0.2 percent in February.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

Meanwhile, retail inventories rose by 0.2 percent in March after increasing by 0.3 percent in February and manufacturing inventories inched up by 0.1 percent in March after climbing by 0.3 percent in February.

The Commerce Department said business sales also edged down by 0.1 percent in March following a 1.4 percent jump in February.

Wholesale sales led the way lower, tumbling by 1.3 percent in March after surging by 2.0 percent in the previous month.

On the other hand, retail sales advanced by 0.8 percent for the second straight month, while manufacturing sales rose by 0.3 percent in March after jumping by 1.3 percent in February.

With inventories and sales both edging slightly lower, the total business inventories/sales ratio came in unchanged from the previous month at 1.37.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies