US business inventories for April 1.2% vs 1.2% estimate

• Prior report +2.0% (was just above the 1.9% estimate)
• prior month revised to 2.4% vs. 2.0% previously reported
• US business inventories for April 2022 1.2% vs 1.2% estimate
• April inventories $2345.1B vs 2317.2B revised in March
• business sales +0.4% vs. March 1.6% (revised down from 1.8%). Business sales are up 13.7% from April 2021.
• retail inventories ex auto's unrevised at 1.7% in April vs 3.5% last month
• Business inventories are up 60.6% from a year ago
• The inventory to sales ratio came in at 1.29. That is up from 1.26 last month

This is the 7 month in a row of a number greater than 1%. Having said that, the inventory to sales ratio remains near lows (see chart above). So although inventories are moving higher, they have so far been sopped up by sales.

/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term