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Inventories and wholesale sales · United States

United States Business Inventories MoM

The United States Business Inventories MoM measures the stock of unsold goods held by businesses in the United States, or the sales of wholesalers.

Importance
Medium
Released
Monthly
Next release
Currency
USD · US dollar
Central bank
The Federal Reserve
Moves
AUDUSD · EURUSD · GAUUSD# · GBPUSD · NZDUSD · USDCAD · USDCHF · USDCNH

Latest figures

The latest release for AUG, published on 15 October 2026, came in at 0.4%, in line with the consensus of 0.4%, down from 0.9% the time before (revised).

A result in line with the consensus usually causes little reaction: it was already priced in.

Over the last 12 releases it ranged from -0.1% to 0.9%, averaging 0.3%.

Dec 2025: 0.2%Jan 2026: 0.3%Feb 2026: 0.1%Mar 2026: 0.1%Apr 2026: -0.1%Apr 2026: 0.4%May 2026: 0.9%Jun 2026: 0.5%Jul 2026: 0.3%Aug 2026: 0%Sep 2026: 0.8%Oct 2026: 0.4% Dec 2025Oct 2026
Actual results; the short line on a bar marks the consensus.
ReleasedForActualConsensusPrevious
15 Oct 2026AUG0.4%0.4%0.9% ®
16 Sep 2026JUL0.8%0.3%0.1% ®
14 Aug 2026JUN0%0.1%0.4% ®
16 Jul 2026MAY0.3%0.3%0.6% ®
17 Jun 2026APR0.5%0.5%1% ®
14 May 2026MAR0.9%0.8%0.4%
21 Apr 2026FEB0.4%0.3%0%
1 Apr 2026JAN-0.1%0.1%0% ®
6 Mar 2026DEC0.1%0.1%0% ®
10 Feb 2026NOV0.1%0.2%0.2% ®
14 Jan 2026OCT0.3%0.2%0.3% ®
16 Dec 2025SEP0.2%0.2%0%

See it in the economic calendar →

Why it matters

Inventory changes feed directly into GDP: building stocks adds to growth, running them down subtracts. A pile-up of unsold goods can foreshadow cuts in production.

How it is calculated

Businesses report the book value of their stocks and sales; the inventory-to-sales ratio shows how many months of sales are on the shelves.

What changes mean

  • Rising inventories with falling sales are a warning sign; with rising sales they are healthy restocking.
  • Markets react little except where the figure changes GDP estimates.

A short history

Inventory cycles were first described by Joseph Kitchin in the 1920s ("Kitchin cycles" of about 40 months).

Questions

What is the United States Business Inventories MoM?

The United States Business Inventories MoM measures the stock of unsold goods held by businesses in the United States, or the sales of wholesalers.

What was the latest United States Business Inventories MoM?

0.4% for AUG, published on 15 October 2026 (consensus 0.4%, previous 0.9%).

When is the next United States Business Inventories MoM?

On Tuesday 17 November 2026 at 15:00 UTC.

Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.