US business inventories for March 0.1% vs 0.2% estimate

• Prior month business inventories 0.2%
• Business inventories for March 0.1% vs 0.2% estimate
• Retail inventories ex-Autos 0.4% vs 0.1% last month

Details from the Census Bureau:

• Total sales (March): $1,919.9B, up 0.7% from February 2025 and up 4.5% from March 2024

• Total inventories (March): $2,578.1B, up 0.1% from February 2025 and up 2.5% from March 2024

• Inventories/sales ratio (March): 1.34, down from 1.37 in March 2024

The sales are outpacing the inventory build which could be a problem if tariffs impact supplies going forward. That is still TBD but it seems that at a minimum, tariffs will rise by 10%. What does that do to prices, demand, and inventories?

This article was written by Greg Michalowski at www.forexlive.com.