US business inventories fall 0.1% in March

Inventories up 0.7% year-on-year, according to Commerce Department

By Ovunc Kutlu

ISTANBUL (AA) - US business inventories decreased 0.1% to $2,539 billion in March, according to Commerce Department figures released Wednesday.

The expectation for the figure was to show no change.

The figure for February was revised from a gain of 0.4% to an increase of 0.3% to $2,540.7 billion.

Business inventories, which measure the change in value of unsold goods held by manufacturers, wholesalers and retailers, were annually up 0.7% in March, compared to the same month in 2023.

The annual increase in inventories indicates that consumer demand is weakening in the US as a result of the Federal Reserve's aggressive monetary tightening to lower record inflation.

Kaynak:

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