It reversed February’s 0.5% increase.
The U.S. Census Bureau released its advance statistics for international trade, wholesale inventories and retail inventories advance statistics for March on April 25, showing a reversal from February’s increase.
The figures showed that March wholesale inventories — adjusted for seasonal and trading day differences, but not for price — ended the month at a level of $91.8 billion, down 0.4% from February and 2.1% year-over-year. The January to February change was unrevised from up 0.5%.
Retail inventories went the other direction in March, ending the month up 0.3% from February to $788.1 billion. That figure was up 4.4% year-over-year. The January to February change was revised down from up 0.5% to up 0.4%.
Meanwhile, the Bureau reported that the U.S. international trade deficit was $91.8 billion in March, up $1.5 billion from February. Exports of goods for March were $169.2 billion, down $6.1 billion from February. Imports of goods for March were $261.0 billion, down $4.6 billion from February.
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