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In March Retail inventories continued to fell

Retail Inventories Economic Indicators

In March U.S. retail inventories declined by -0.2 % on the seasonally adjusted basis.-4.15 Over the past 12 months, led by building materials and garden equipment inventories, inventories advanced by 2.4 %.
	Total retail Inventories excluding motor vehicle & parts rose by 0.40 % to $550,517 millions from $548,311 millions in Feb. 2025 and increased by 2.06 % from $539,420 millions March 2024.
Motor vehicle & parts dealers retail Inventories fell by -1.34 % to $254,819 millions from $258,293 millions in Feb. 2025 and increased by 3.17 % from $539,420 millions March 2024.

Food & beverage		Clothing		Building materials		General merchandise
-0.47%	2.22%	-0.15%	0.29%	-0.30%	5.46%	1.33%	2.68%
*M/M*	Y/Y	M/M	Y/Y	M/M	Y/Y	M/M	Y/Y

Inventories / Sales Ratio
Total Retail Inventories to Sales ratio was estimated at seasonally adjusted rate of 1.29, a deacrease from 1.31 Feb. 2025 and an deacrease from 1.32 March 2024. Total retail Inventories to Sales ratio excluding motor vehicle & parts fell to 1.14 from 1.14 in Feb. 2025 and declined from 1.17 March 2024.

Retail Inventories Adjusted (In millions $)	March 2025 prel.	Feb. 2025 final	Jan. 2025 prel.	Dec. 2024 final	Nov. 2024 prel.
Retail Total	805,336	806,604	827,269	821,817	827,269
Total excl. Motor vehicle & parts	550,517	548,311	553,460	553,413	553,460
Building materials, garden equip. supplies dealers	82,748	82,993	81,598	82,476	81,598
Food & beverage stores	61,914	62,204	62,241	62,453	62,241
Motor vehicle & parts dealers	254,819	258,293	273,809	268,404	273,809
Clothing & clothing access stores	58,329	58,419	60,951	60,099	60,951
Furniture, home furn, electronic, and appliance stores	29,081	29,072	29,274	29,138	29,274
General merchandise stores	99,988	98,674	98,487	99,253	98,487
Department stores ex. L.D.	8,899	8,999	21,682	22,004	21,682

Retail Inventories Adjusted ( In %, Sequential)	March 2025 prel.	Feb. 2025 final	Jan. 2025 prel.	Dec. 2024 final	Nov. 2024 prel.
Retail Inventories	-0.16 %	-2.5 %	0.66 %	-0.66 %	0.22 %
Total excl motor vehicle & parts	0.4 %	-0.93 %	0.01 %	-0.01 %	0.5 %
Building materials garden equip. supplies dealers	-0.3 %	1.71 %	-1.06 %	1.08 %	1.39 %
Food & beverage stores	-0.47 %	-0.06 %	-0.34 %	0.34 %	0.09 %
Motor vehicle & parts dealers	-1.34 %	-5.67 %	2.01 %	-1.97 %	-0.34 %
Clothing & clothing access stores	-0.15 %	-4.15 %	1.42 %	-1.4 %	-0.67 %
Furniture, home furn, electronic, and appliance stores	0.03 %	-0.69 %	0.47 %	-0.46 %	0.02 %
General merchandise stores	1.33 %	0.19 %	-0.77 %	0.78 %	0.47 %
Department stores ex. L.D.	-1.11 %	-58.5 %	-1.46 %	1.49 %	0.38 %

Retail Inventories Adjusted ( In %, Y / Y)	March 2025 prel.	Feb. 2025 final	Jan. 2025 prel.	Dec. 2024 final	Nov. 2024 prel.
Retail Inventories	2.41 %	-0.26 %	2.87 %	2.58 %	3.99 %
Total excl motor vehicle & parts	2.06 %	-1.53 %	-0.15 %	0.13 %	0.51 %
Building materials garden equip. supplies dealers	5.46 %	7.68 %	5.34 %	6.71 %	4.49 %
Food & beverage stores	2.22 %	-3.16 %	-2.56 %	-1.81 %	-2.09 %
Motor vehicle & parts dealers	3.17 %	2.53 %	9.57 %	8.04 %	11.8 %
Clothing & clothing access stores	0.29 %	-4.57 %	-0.58 %	-1.55 %	-0.7 %
Furniture, home furn, electronic, and appliance stores	-3.96 %	1.34 %	3.67 %	4.16 %	3.55 %
General merchandise stores	2.68 %	-0.42 %	-0.7 %	-0.99 %	-0.81 %
Department stores ex. L.D.	-57.1 %	-58.48 %	-0.31 %	0.47 %	-0.26 %

Retail Inventories Adjusted Monthly

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INVENTORIES/SALES, RATIOS ADJUSTED (Ratio)	March 2025 prel.	Feb. 2025 final	Jan. 2025 prel.	Dec. 2024 final	Nov. 2024 prel.
Retail Total	1.29	1.31	1.32	1.30	1.32
Total excl. Motor vehicle & parts	1.14	1.14	1.15	1.13	1.14
Building materials, garden equip. supplies dealers	2.02	2.08	2.07	2.02	1.98
Food & beverage stores	0.73	0.74	0.74	0.74	0.74
Motor vehicle & parts dealers	1.80	1.92	1.92	1.87	1.93
Clothing & clothing access stores	2.25	2.28	2.30	2.25	2.31
Furniture, home furn, electronic, and appliance stores	1.52	1.53	1.53	1.50	1.52
General merchandise stores	1.30	1.29	1.29	1.29	1.29
Department stores ex. L.D.	2.70	2.74	2.01	2.04	2.01

Source: Retail Indicators Branch, U.S. Census Bureau
• Census.gov

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