FX.co ★ US Wholesale Inventory Growth Revised Down

In March 2025, U.S. wholesale inventories increased by 0.4% month-over-month, reaching $907.5 billion. This figure fell short of the anticipated 0.5% growth and followed a 0.5% rise in February. Inventories of durable goods experienced a faster increase, climbing by 0.6% in March compared to 0.5% in February, largely driven by significant inventory additions in the furniture sector (+2.7%) and miscellaneous durable goods (+2.4%). In contrast, inventories of nondurable goods grew only slightly by 0.1% in March, a slowdown from February's 0.6% rise. This modest increase came despite a noticeable boost in chemical inventories (+2.1%), which was countered by decreases in farm products (-2.4%), miscellaneous nondurables (-1.3%), and apparel (-0.8%). On an annual basis, wholesale inventories expanded by 2.2% in March, a slight reduction from the preliminary estimate of a 2.3% increase.