According to data released by the United States Department of Commerce, retail inventories excluding automobiles experienced a slight decrease in March 2024. The indicator, which excludes the volatile auto sector, dropped by 0.1% compared to the previous month. In February 2024, the indicator had shown an increase of 0.4%.
The latest figures suggest a potential slowdown in consumer spending or inventory management by businesses. The data, updated on 25 April 2024, provides insights into the state of the retail sector in the US economy. Economists will be closely monitoring future trends in retail inventories to assess the overall health of the consumer market and its impact on economic growth.
