Global| Apr 15 2021U.S. Business Inventories Rose Again in February, Sales Fell
by:Sandy Batten
|in:Economy in Brief
Summary
• Total business sales jump in January. • Total business inventory-to-sales ratio resumes its downward correction. PREVIOUS>>>>>>>>>>>>>>>Total business inventories rose 0.3% during January (-1.8% y/y) following an upwardly revised [...]
• Total business sales jump in January.
• Total business inventory-to-sales ratio resumes its downward correction.
PREVIOUS>>>>>>>>>>>>>>>Total business inventories rose 0.3% during January (-1.8% y/y) following an upwardly revised 0.8% in December (from 0.6%). Total business sales jumped 4.7% .....
The manufacturing and trade, industrial production and international trade data are in Haver's USECON database (NTI and NTS@USECON).
| Manufacturing & Trade | Feb | Jan | Dec | Feb Y/Y | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Business Inventories (% chg) | 0.3 | 0.8 | 0.5 | -1.8 | -2.4 | 1.7 | 4.9 |
| Retail | -0.5 | 1.7 | 0.7 | -5.8 | -5.3 | 0.9 | 4.6 |
| Retail excl. Motor Vehicles | -0.1 | 1.9 | 0.3 | 0.7 | 1.1 | 1.7 | 3.7 |
| Merchant Wholesalers | 1.3 | 0.6 | 0.0 | 0.6 | -1.4 | 1.4 | 6.5 |
| Manufacturing | 0.1 | 0.3 | 0.8 | -0.4 | -0.6 | 2.8 | 3.6 |
| Business Sales (% chg) | |||||||
| Total | 4.7 | 1.0 | 0.0 | 7.1 | -2.5 | 1.5 | 5.9 |
| Retail | 7.4 | -0.9 | -1.0 | 13.0 | 3.2 | 3.4 | 4.2 |
| Retail excl. Motor Vehicle | 8.1 | -1.7 | -0.8 | 12.5 | 3.8 | 3.3 | 5.1 |
| Merchant Wholesalers | 4.9 | 1.9 | 0.3 | 5.9 | -4.3 | 0.5 | 6.8 |
| Manufacturing | 1.9 | 2.1 | 0.8 | 2.7 | -5.7 | 1.0 | 6.6 |
| I/S Ratio | |||||||
| Total | 1.26 | 1.32 | 1.32 | 1.38 | 1.39 | 1.39 | 1.36 |
| Retail | 1.19 | 1.29 | 1.26 | 1.43 | 1.34 | 1.46 | 1.46 |
| Retail excl. Motor Vehicles | 1.08 | 1.17 | 1.13 | 1.21 | 1.17 | 1.23 | 1.22 |
| Merchant Wholesalers | 1.24 | 1.29 | 1.31 | 1.31 | 1.37 | 1.34 | 1.28 |
| Manufacturing | 1.36 | 1.38 | 1.41 | 1.40 | 1.47 | 1.38 | 1.35 |
Sandy Batten
AuthorMore in Author Profile »Sandy Batten has more than 30 years of experience analyzing industrial economies and financial markets and a wide range of experience across the financial services sector, government, and academia. Before joining Haver Analytics, Sandy was a Vice President and Senior Economist at Citibank; Senior Credit Market Analyst at CDC Investment Management, Managing Director at Bear Stearns, and Executive Director at JPMorgan. In 2008, Sandy was named the most accurate US forecaster by the National Association for Business Economics. He is a member of the New York Forecasters Club, NABE, and the American Economic Association. Prior to his time in the financial services sector, Sandy was a Research Officer at the Federal Reserve Bank of St. Louis, Senior Staff Economist on the President’s Council of Economic Advisors, Deputy Assistant Secretary for Economic Policy at the US Treasury, and Economist at the International Monetary Fund. Sandy has taught economics at St. Louis University, Denison University, and Muskingun College. He has published numerous peer-reviewed articles in a wide range of academic publications. He has a B.A. in economics from the University of Richmond and a M.A. and Ph.D. in economics from The Ohio State University.
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