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June 2021 Business Inventories Remain Normal For Times Of Economic Expansion
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April 2021 Business Inventories Remain Normal For Times Of Economic Expansion
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January 2021 Business Inventories Normal For Times Of Economic Expansion
Headlines say final business sales data (retail plus wholesale plus manufacturing) improved month-over-month. The rolling averages improved. Inventories are within normal ranges for times of economic expansion.
Analyst Opinion of Business Sales and Inventories
This data is worse than the previous month. The previous month s data was little changed.
Our primary monitoring tool - the 3-month rolling averages for sales - improved. As the monthly data has significant variation, the 3-month averages are the way to view this series.
Econintersect Analysis:
unadjusted sales (but inflation-adjusted) up 1.4 % year-over-year
unadjusted sales three-month rolling average compared to the rolling average 1 year ago accelerated 1.0 % month-over-month, and is up 3.2 % year-over-year.
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