United States Business Inventories MoM

Info

History

Chart

Impact:

Medium

Source: U.S. Census Bureau

Latest Release:

Date:

Actual:

0.2%

Forecast: 0.2%

Previous/Revision:

Period: Sep

Next Release:

Date:

Forecast: 0.1%

Period: Oct

What Does It Measure?

The United States Business Inventories MoM measures the change in the total value of inventories held by manufacturers, wholesalers, and retailers in the U.S. It primarily focuses on assessing supply-side economic activity, which includes inventory levels as indicators of production and demand trends within the economy.

Frequency

This report is released monthly, typically providing preliminary figures that are often subject to revision in subsequent releases, usually on the same day each month.

Why Do Traders Care?

Traders monitor the Business Inventories MoM because significant changes in inventories can signal shifts in economic activity, impacting financial markets. Higher-than-expected inventory growth might indicate weakening demand and could be bearish for stocks and the dollar, while lower growth may forecast economic expansion, positively influencing assets.

What Is It Derived From?

The data is derived from surveys conducted by the Census Bureau, which collects responses from various sectors including manufacturing, wholesale, and retail industries. The methodology incorporates the total value of inventories reported by businesses, utilizing diffusion indices to gauge overall changes.

Description

Preliminary reports for Business Inventories are based on early estimates and can be revised for accuracy upon finalization, with market reactions often more pronounced for these timely data releases. The report employs a month-over-month (MoM) comparison, indicating short-term inventory changes and serving as an indicator for immediate economic sentiment.

Additional Notes

The Business Inventories MoM serves as a coincident economic indicator, reflecting current economic conditions rather than forecasting future trends. It is often analyzed alongside sales data and production numbers to provide a comprehensive view of economic health.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bearish for USD, Bearish for Stocks. Lower than expected: Bullish for USD, Bullish for Stocks. This report typically suggests the proximity of changes in consumer demand; thus, a hawkish tone might indicate expectations of higher interest rates due to concerns over inventory buildup, which is usually good for the dollar but bad for stocks due to anticipated tighter monetary policy.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 16, 2025	0.2%	0.2%	0%
Nov 25, 2025	0%	0.1%	0.1%	-0.1%
Sep 16, 2025	0.2%	0.2%	0.2%
Aug 15, 2025	0.2%	0.2%	0%
Jul 17, 2025	0%	0%	0%
Jun 17, 2025	0%	0%	0.1%
May 15, 2025	0.1%	0.2%	0.2%	-0.1%
Apr 16, 2025	0.2%	0.2%	0.3%
Mar 17, 2025	0.3%	0.3%	-0.2%
Feb 14, 2025	-0.2%	0%	0.1%	-0.2%
Jan 16, 2025	0.1%	0.1%	0%
Dec 17, 2024	0.1%	0.1%	0%
Nov 15, 2024	0.1%	0.2%	0.3%	-0.1%
Oct 17, 2024	0.3%	0.3%	0.3%
Sep 17, 2024	0.4%	0.3%	0.3%	0.1%
Aug 15, 2024	0.3%	0.3%	0.5%
Jul 16, 2024	0.5%	0.3%	0.3%	0.2%
Jun 18, 2024	0.3%	0.3%	-0.1%
May 15, 2024	-0.1%	-0.1%	0.3%
Apr 15, 2024	0.4%	0.3%	0%	0.1%
Mar 14, 2024	0%	0.2%	0.3%	-0.2%
Feb 15, 2024	0.4%	0.4%	-0.1%
Jan 17, 2024	-0.1%	-0.1%	-0.1%
Dec 14, 2023	-0.1%	0%	0.2%	-0.1%
Nov 15, 2023	0.4%	0.4%	0.4%
Oct 17, 2023	0.4%	0.3%	0.1%	0.1%
Sep 14, 2023	0%	0.1%	-0.1%	-0.1%
Aug 15, 2023	0%	0.1%	0%	-0.1%
Jul 18, 2023	0.2%	0.2%	0.1%
Jun 15, 2023	0.2%	0.2%	-0.2%
May 16, 2023	-0.1%	0%	0%	-0.1%
Apr 14, 2023	0.2%	0.3%	-0.2%	-0.1%
Mar 15, 2023	-0.1%	0%	0.3%	-0.1%
Feb 15, 2023	0.3%	0.3%	0.3%
Jan 18, 2023	0.4%	0.4%	0.2%
Dec 15, 2022	0.3%	0.4%	0.2%	-0.1%
Nov 16, 2022	0.4%	0.5%	0.9%	-0.1%
Oct 14, 2022	0.8%	0.9%	0.5%	-0.1%
Sep 15, 2022	0.6%	0.6%	1.4%
Aug 17, 2022	1.4%	1.4%	1.6%
Jul 15, 2022	1.4%	1.3%	1.3%	0.1%
Jun 15, 2022	1.2%	1.2%	2.4%
May 17, 2022	2%	1.9%	1.8%	0.1%
Apr 14, 2022	1.5%	1.3%	1.3%	0.2%
Mar 16, 2022	1.1%	1.1%	2.4%
Feb 16, 2022	2.1%	2.1%	1.5%
Jan 14, 2022	1.3%	1.3%	1.3%
Dec 15, 2021	1.2%	1.1%	0.8%	0.1%
Nov 16, 2021	0.7%	0.7%	0.8%
Oct 15, 2021	0.6%	0.6%	0.6%
Sep 16, 2021	0.5%	0.5%	0.9%
Aug 17, 2021	0.8%	0.8%	0.6%
Jul 16, 2021	0.5%	0.5%	0.1%
Jun 15, 2021	-0.2%	-0.1%	0.2%	-0.1%
May 14, 2021	0.3%	0.3%	0.6%
Apr 15, 2021	0.5%	0.5%	0.4%
Mar 16, 2021	0.3%	0.3%	0.8%
Feb 17, 2021	0.6%	0.5%	0.5%	0.1%
Jan 15, 2021	0.5%	0.5%	0.8%
Dec 16, 2020	0.7%	0.7%	0.8%
Nov 17, 2020	0.7%	0.6%	0.3%	0.1%
Oct 16, 2020	0.3%	0.4%	0.1%	-0.1%
Sep 16, 2020	0.1%	0.1%	-1.1%
Aug 14, 2020	-1.1%	-1.2%	-2.3%	0.1%
Jul 16, 2020	-2.3%	-2.3%	-1.4%
Jun 16, 2020	-1.3%	-0.8%	-0.3%	-0.5%
May 15, 2020	-0.2%	-0.2%	-0.5%
Apr 15, 2020	-0.4%	-0.4%	-0.3%
Mar 17, 2020	-0.1%	-0.1%	0%
Feb 14, 2020	0.1%	0.1%	-0.2%
Jan 16, 2020	-0.2%	-0.1%	0.1%	-0.1%
Dec 13, 2019	0.2%	0.2%	-0.1%
Nov 15, 2019	0%	0.1%	-0.1%	-0.1%
Oct 16, 2019	0%	0.2%	0.3%	-0.2%
Sep 13, 2019	0.4%	0.3%	0%	0.1%
Aug 15, 2019	0%	0.1%	0.3%	-0.1%
Jul 16, 2019	0.3%	0.3%	0.5%
Jun 14, 2019	0.5%	0.5%	0%
May 15, 2019	0%	0%	0.3%
Apr 18, 2019	0.3%	0.4%	0.9%	-0.1%
Apr 01, 2019	0.8%	0.5%	0.8%	0.3%
Mar 11, 2019	0.6%	0.6%	0%
Feb 14, 2019	-0.1%	0.3%	0.6%	-0.4%
Dec 14, 2018	0.6%	0.6%	0.5%
Nov 15, 2018	0.3%	0.3%	0.5%
Oct 15, 2018	0.5%	0.5%	0.7%
Sep 14, 2018	0.6%	0.6%	0.1%
Aug 15, 2018	0.1%	0.1%	0.3%
Jul 16, 2018	0.4%	0.4%	0.3%
Jun 14, 2018	0.3%	0.3%	-0.1%
May 15, 2018	0%	0.1%	0.6%	-0.1%
Apr 16, 2018	0.6%	0.6%	0.6%
Mar 14, 2018	0.6%	0.6%	0.6%
Feb 14, 2018	0.4%	0.3%	0.4%	0.1%
Jan 12, 2018	0.4%	0.5%	0%	-0.1%
Dec 14, 2017	-0.1%	-0.1%	0%
Nov 15, 2017	0%	0%	0.6%
Oct 13, 2017	0.7%	0.7%	0.3%
Sep 15, 2017	0.2%	0.2%	0.5%
Aug 15, 2017	0.5%	0.4%	0.3%	0.1%
Jul 14, 2017	0.3%	0.3%	-0.2%
Jun 14, 2017	-0.2%	-0.2%	0.2%
May 12, 2017	0.2%	0.1%	0.2%	0.1%
Apr 14, 2017	0.3%	0.3%	0.3%
Mar 15, 2017	0.3%	0.3%	0.4%
Feb 15, 2017	0.4%	0.4%	0.8%
Jan 13, 2017	0.7%	0.5%	-0.1%	0.2%
Dec 14, 2016	-0.2%	-0.1%	0%	-0.1%
Nov 15, 2016	0.1%	0.2%	0.2%	-0.1%
Oct 14, 2016	0.2%	0.2%	0%
Sep 15, 2016	0%	0.1%	0.2%	-0.1%
Aug 12, 2016	0.2%	0.1%	0.2%	0.1%
Jul 15, 2016	0.2%	0.1%	0.1%	0.1%
Jun 14, 2016	0.1%	0.2%	0.3%	-0.1%
May 13, 2016	0.4%	0.2%	-0.1%	0.2%
Apr 13, 2016	-0.1%	-0.1%	-0.1%
Mar 15, 2016	0.1%	0%	0.1%	0.1%
Feb 12, 2016	0.1%	0.1%	-0.1%
Jan 15, 2016	-0.2%	-0.1%	-0.1%	-0.1%
Dec 11, 2015	0%	0.1%	0.1%	-0.1%
Nov 13, 2015	0.3%	0%	0.1%	0.3%
Oct 14, 2015	0%	0.1%	0%	-0.1%
Sep 15, 2015	0.1%	0.1%	0.7%
Aug 13, 2015	0.8%	0.3%	0.3%	0.5%
Jul 14, 2015	0.3%	0.3%	0.4%
Jun 11, 2015	0.4%	0.2%	0.1%	0.2%
May 13, 2015	0.1%	0.2%	0.2%	-0.1%