US Wholesale Inventories Jump 2.3% in March

Source: Census Bureau 

The total inventories recorded by US merchant wholesalers were $840.3 billion at the end of March, reflecting an increase of 2.3% from the prior month. SPY is down -1.81%, DXY is up +0.23%.

• The wholesale inventories are now 22.0% above the prior year.
• The sales of the merchant wholesalers also saw the gain, with a surge of 1.7% from February to $686.2 billion in March. The sales are now 22.1% above last year.
• The increases saw the wholesale inventories to sales ratio reach 1.22 in March, compared to 1.23 in the prior year.