Courtesy of Mish.
Wholesale inventories declined 0.1% for March while retail inventories rose 0.4% according to Advance Indicators from the Census Department.
The report also shows wholesale inventories rose only 0.2% in February vs the initial report of plus 0.4%.
Advance International Trade in Goods
The international trade deficit was $64.8 billion in March, up $0.9 billion from $63.9 billion in February. Exports of goods for March were $125.5 billion, $2.2 billion less than February exports. Imports of goods for March were $190.3 billion, $1.4 billion less than February imports.
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 $592.8 billion, down 0.1 percent from February 2017, and were up 2.7 percent from March 2016. The January 2017 to February 2017 percentage change was revised from up 0.4 percent (±0.2 percent) to up 0.2 percent.
Advance Retail Inventories
Retail inventories for March, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $616.6 billion, up 0.4 percent from February 2017, and were up 3.5 percent from March 2016. The January 2017 to February 2017 percentage change was unrevised at up 0.4 percent.
