Source: US Census Bureau
The ratio between business inventories and US sales posted a slight increase in March, as inventories climbed at a faster pace than sales during the period. QQQ is up 1.51%, while SPY is up 1.14%.
- The value of distributive trade sales and manufacturers’ shipments was estimated at $1.832 trillion in March, up 1.8% from February and 14.1% from March 2021.
- Seasonally adjusted trade inventories for the month were estimated at $2.324 trillion, up 2.0% from February and 14.7% from March 2021.
- This compares with the $2.279-trillion inventories in February, which reflected a 1.8% increase.
- The latest readings brought the inventories/sales ratio to 1.27, up from 1.26 recorded in the same month last year.