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Saturday, August 24, 2019
HomeNewsBuild in Business Inventories for April Will Boost Q2 2019 GDP

Build in Business Inventories for April Will Boost Q2 2019 GDP

Wholesale inventories concept depicting by employees having short meeting in the warehouse to check levels of business inventories. First in first out. (Photo: AdobeStock)
Employees have short meeting in the warehouse to check business inventory levels of goods. First in first out. (Photo: AdobeStock)
Employees have short meeting in the warehouse to check business inventory levels of goods. First in first out. (Photo: AdobeStock)

Business inventories were estimated at $2,029.8 billion, up 0.5% (±0.1%) from March and 5.3% (±0.5%) from April 2018. The figure from the Manufacturers’ Shipments, Inventories, and Orders Survey met the consensus forecast.

IndicatorsPriorConsensus ForecastForecast RangeActual
Inventories – M/M ∆0.0%0.5%0.2% — 0.6%0.5%

The build in business inventories will be a big boost to second-quarter (Q2) 2019 gross domestic product (GDP). All figures are adjusted for seasonal variations but not for price changes.

Sales

Trade sales and manufacturers’ shipments for April were estimated at $1,462.0 billion, down 0.2% (±0.2%) from March 2019. But that’s up 2.8% (±0.3%) from April 2018.

Inventories/Sales Ratio

The total business inventories/sales ratio at the end of April was 1.39. The April 2018 ratio was 1.36.

Written by
Staff Writing Group

People's Pundit Daily delivers reader-funded data journalism covering the latest news in politics, polls, elections, business, the economy and markets.

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