Mar. Business Inventories Preview
Mar. Business Inventories are expected to increase 0.4% following a 0.6% rise in Feb. Shipments are expected to increase 1% after a 1% decline the prior month. The Mar. Inventory-to-Sales ratio is expected at 1.27 from 1.28 in Feb.
The only new data provided in the Mar. Business Inventories report will be an expected 0.5% decline in retail sales inventories as result of the American Axel work stoppage.
Retail inventories increased 0.2% in Feb.
Previously reported data include:
* A 1.1% increase in Mar. Factory Orders shipments and a 0.9% increase in inventories
* A 1.6% increase in Mar. Wholesale sales and a 0.1% decrease in inventories
* A 0.2% increase in Mar. Retail Sales