MarketXLS

Total Business Inventories

2.736T for May 2026

Total Business Inventories came in at 2.736T for May 2026, up 0.29% from 2.728T the prior month and 3.08% above its level of 2.654T one year ago. The series has averaged 1.548T since 1992, reaching a record high of 2.736T in May 2026 and a record low of 801B in January 1992.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Total Business Inventories," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/business-inventories

Historical Data

Observation dateValue
May 1, 20262.736T
April 1, 20262.728T
March 1, 20262.713T
February 1, 20262.686T
January 1, 20262.677T
December 1, 20252.677T
November 1, 20252.677T
October 1, 20252.677T
September 1, 20252.671T
August 1, 20252.664T
July 1, 20252.665T
June 1, 20252.661T
May 1, 20252.654T
April 1, 20252.655T
March 1, 20252.656T
February 1, 20252.653T
January 1, 20252.65T
December 1, 20242.638T
November 1, 20242.647T
October 1, 20242.641T
September 1, 20242.637T
August 1, 20242.636T
July 1, 20242.628T
June 1, 20242.619T
May 1, 20242.611T
April 1, 20242.6T
March 1, 20242.591T
February 1, 20242.595T
January 1, 20242.585T
December 1, 20232.591T
November 1, 20232.578T
October 1, 20232.583T
September 1, 20232.587T
August 1, 20232.581T
July 1, 20232.574T
June 1, 20232.578T
May 1, 20232.581T
April 1, 20232.585T
March 1, 20232.585T
February 1, 20232.588T
January 1, 20232.592T
December 1, 20222.593T
November 1, 20222.581T
October 1, 20222.572T
September 1, 20222.559T
August 1, 20222.553T
July 1, 20222.533T
June 1, 20222.515T
May 1, 20222.478T
April 1, 20222.436T
March 1, 20222.405T
February 1, 20222.349T
January 1, 20222.307T
December 1, 20212.266T
November 1, 20212.209T
October 1, 20212.173T
September 1, 20212.139T
August 1, 20212.115T
July 1, 20212.095T
June 1, 20212.068T
May 1, 20212.05T
April 1, 20212.033T
March 1, 20212.03T
February 1, 20212.026T
January 1, 20212.01T
December 1, 20201.993T
November 1, 20201.979T
October 1, 20201.965T
September 1, 20201.946T
August 1, 20201.933T
July 1, 20201.922T
June 1, 20201.917T
May 1, 20201.941T
April 1, 20201.987T
March 1, 20202.016T
February 1, 20202.023T
January 1, 20202.034T
December 1, 20192.04T
November 1, 20192.041T
October 1, 20192.041T
September 1, 20192.041T
August 1, 20192.042T
July 1, 20192.041T
June 1, 20192.035T
May 1, 20192.033T
April 1, 20192.029T
March 1, 20192.019T
February 1, 20192.018T
January 1, 20192.011T
December 1, 20181.996T
November 1, 20181.981T
October 1, 20181.981T
September 1, 20181.971T
August 1, 20181.959T
July 1, 20181.948T
June 1, 20181.936T
May 1, 20181.933T
April 1, 20181.93T
March 1, 20181.924T
February 1, 20181.924T
January 1, 20181.914T
December 1, 20171.905T
November 1, 20171.898T
October 1, 20171.889T
September 1, 20171.888T
August 1, 20171.884T
July 1, 20171.874T
June 1, 20171.867T
May 1, 20171.859T
April 1, 20171.854T
March 1, 20171.856T
February 1, 20171.852T
January 1, 20171.849T
December 1, 20161.845T
November 1, 20161.841T
October 1, 20161.83T
September 1, 20161.828T
August 1, 20161.825T
July 1, 20161.825T
June 1, 20161.823T
May 1, 20161.824T
April 1, 20161.818T
March 1, 20161.812T
February 1, 20161.806T
January 1, 20161.811T
December 1, 20151.812T
November 1, 20151.815T
October 1, 20151.818T
September 1, 20151.815T
August 1, 20151.812T
July 1, 20151.809T
June 1, 20151.808T
May 1, 20151.798T
April 1, 20151.793T
March 1, 20151.787T
February 1, 20151.784T
January 1, 20151.778T
December 1, 20141.779T
November 1, 20141.781T
October 1, 20141.776T
September 1, 20141.772T
August 1, 20141.77T
July 1, 20141.763T
June 1, 20141.758T
May 1, 20141.755T
April 1, 20141.746T
March 1, 20141.739T
February 1, 20141.731T
January 1, 20141.722T
December 1, 20131.717T
November 1, 20131.708T
October 1, 20131.697T
September 1, 20131.687T
August 1, 20131.677T
July 1, 20131.669T
June 1, 20131.664T
May 1, 20131.662T
April 1, 20131.666T
March 1, 20131.661T
February 1, 20131.662T
January 1, 20131.659T
December 1, 20121.648T
November 1, 20121.641T
October 1, 20121.634T
September 1, 20121.634T
August 1, 20121.62T
July 1, 20121.614T
June 1, 20121.601T
May 1, 20121.595T
April 1, 20121.591T
March 1, 20121.582T
February 1, 20121.576T
January 1, 20121.563T
December 1, 20111.557T
November 1, 20111.547T
October 1, 20111.54T
September 1, 20111.526T
August 1, 20111.531T
July 1, 20111.524T
June 1, 20111.517T
May 1, 20111.51T
April 1, 20111.492T
March 1, 20111.479T
February 1, 20111.462T
January 1, 20111.452T
December 1, 20101.441T
November 1, 20101.424T
October 1, 20101.413T
September 1, 20101.397T
August 1, 20101.382T
July 1, 20101.37T
June 1, 20101.358T
May 1, 20101.348T
April 1, 20101.344T
March 1, 20101.339T
February 1, 20101.332T
January 1, 20101.324T
December 1, 20091.322T
November 1, 20091.324T
October 1, 20091.314T
September 1, 20091.306T
August 1, 20091.312T
July 1, 20091.329T
June 1, 20091.345T
May 1, 20091.362T
April 1, 20091.377T
March 1, 20091.396T
February 1, 20091.416T
January 1, 20091.437T
December 1, 20081.455T
November 1, 20081.487T
October 1, 20081.503T
September 1, 20081.518T
August 1, 20081.528T
July 1, 20081.525T
June 1, 20081.516T
May 1, 20081.506T
April 1, 20081.503T
March 1, 20081.497T
February 1, 20081.496T
January 1, 20081.489T
December 1, 20071.478T
November 1, 20071.465T
October 1, 20071.455T
September 1, 20071.451T
August 1, 20071.441T
July 1, 20071.437T
June 1, 20071.434T
May 1, 20071.427T
April 1, 20071.419T
March 1, 20071.41T
February 1, 20071.408T
January 1, 20071.402T
December 1, 20061.399T
November 1, 20061.396T
October 1, 20061.391T
September 1, 20061.386T
August 1, 20061.38T
July 1, 20061.371T
June 1, 20061.363T
May 1, 20061.353T
April 1, 20061.339T
March 1, 20061.328T
February 1, 20061.317T
January 1, 20061.313T
December 1, 20051.303T
November 1, 20051.29T
October 1, 20051.282T
September 1, 20051.271T
August 1, 20051.265T
July 1, 20051.261T
June 1, 20051.264T
May 1, 20051.266T
April 1, 20051.264T
March 1, 20051.258T
February 1, 20051.251T
January 1, 20051.243T
December 1, 20041.23T
November 1, 20041.228T
October 1, 20041.216T
September 1, 20041.206T
August 1, 20041.208T
July 1, 20041.197T
June 1, 20041.184T
May 1, 20041.174T
April 1, 20041.164T
March 1, 20041.158T
February 1, 20041.15T
January 1, 20041.139T
December 1, 20031.138T
November 1, 20031.136T
October 1, 20031.132T
September 1, 20031.127T
August 1, 20031.125T
July 1, 20031.13T
June 1, 20031.133T
May 1, 20031.136T
April 1, 20031.14T
March 1, 20031.14T
February 1, 20031.137T
January 1, 20031.129T
December 1, 20021.13T
November 1, 20021.123T
October 1, 20021.121T
September 1, 20021.12T
August 1, 20021.112T
July 1, 20021.11T
June 1, 20021.104T
May 1, 20021.101T
April 1, 20021.097T
March 1, 20021.1T
February 1, 20021.102T
January 1, 20021.108T
December 1, 20011.11T
November 1, 20011.117T
October 1, 20011.13T
September 1, 20011.148T
August 1, 20011.153T
July 1, 20011.155T
June 1, 20011.163T
May 1, 20011.172T
April 1, 20011.175T
March 1, 20011.177T
February 1, 20011.182T
January 1, 20011.189T
December 1, 20001.188T
November 1, 20001.187T
October 1, 20001.181T
September 1, 20001.174T
August 1, 20001.174T
July 1, 20001.167T
June 1, 20001.164T
May 1, 20001.155T
April 1, 20001.149T
March 1, 20001.141T
February 1, 20001.137T
January 1, 20001.132T
December 1, 19991.127T
November 1, 19991.119T
October 1, 19991.108T
September 1, 19991.103T
August 1, 19991.097T
July 1, 19991.095T
June 1, 19991.09T
May 1, 19991.087T
April 1, 19991.083T
March 1, 19991.081T
February 1, 19991.075T
January 1, 19991.07T
December 1, 19981.068T
November 1, 19981.069T
October 1, 19981.065T
September 1, 19981.062T
August 1, 19981.058T
July 1, 19981.055T
June 1, 19981.053T
May 1, 19981.053T
April 1, 19981.053T
March 1, 19981.051T
February 1, 19981.046T
January 1, 19981.04T
December 1, 19971.037T
November 1, 19971.032T
October 1, 19971.029T
September 1, 19971.026T
August 1, 19971.02T
July 1, 19971.018T
June 1, 19971.016T
May 1, 19971.01T
April 1, 19971.006T
March 1, 19971.002T
February 1, 19971.001T
January 1, 1997998B
December 1, 1996996B
November 1, 1996996B
October 1, 1996995B
September 1, 1996992B
August 1, 1996991B
July 1, 1996989B
June 1, 1996985B
May 1, 1996985B
April 1, 1996984B
March 1, 1996982B
February 1, 1996982B
January 1, 1996982B
December 1, 1995978B
November 1, 1995978B
October 1, 1995976B
September 1, 1995971B
August 1, 1995967B
July 1, 1995965B
June 1, 1995960B
May 1, 1995957B
April 1, 1995952B
March 1, 1995943B
February 1, 1995935B
January 1, 1995928B
December 1, 1994918B
November 1, 1994911B
October 1, 1994906B
September 1, 1994899B
August 1, 1994894B
July 1, 1994887B
June 1, 1994880B
May 1, 1994875B
April 1, 1994864B
March 1, 1994861B
February 1, 1994860B
January 1, 1994856B
December 1, 1993855B
November 1, 1993851B
October 1, 1993848B
September 1, 1993847B
August 1, 1993843B
July 1, 1993842B
June 1, 1993842B
May 1, 1993840B
April 1, 1993839B
March 1, 1993837B
February 1, 1993831B
January 1, 1993829B
December 1, 1992828B
November 1, 1992823B
October 1, 1992820B
September 1, 1992820B
August 1, 1992819B
July 1, 1992817B
June 1, 1992814B
May 1, 1992808B
April 1, 1992809B
March 1, 1992806B
February 1, 1992802B
January 1, 1992801B
December 1, 1991N/A
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December 1, 1980N/A

About Total Business Inventories

What it measures

Total Business Inventories (FRED series BUSINV) measures the combined end-of-month dollar value of inventories held by US manufacturers, wholesalers, and retailers, published monthly by the Census Bureau in the Manufacturing and Trade Inventories and Sales report. It is seasonally adjusted, reported in current dollars, and arrives with roughly a six-week lag, accompanied by the closely watched inventories-to-sales ratio.

Why it matters

Inventory swings are a major amplifier of the business cycle: restocking adds to GDP growth while liquidation subtracts, and the change in private inventories is often the most volatile line in the national accounts. Economists use the series to refine GDP tracking estimates. Unintended inventory buildup foreshadows production cuts and discounting, while lean stocks signal that any demand pickup will pass straight through to new orders.

How to read it

Always read inventories against sales via the inventories-to-sales ratio, since rising stocks are healthy when demand is growing but ominous when sales stall. Distinguish voluntary restocking from involuntary accumulation by checking whether sales rose in the same period. The figures are nominal, so commodity price swings can move the dollar value without any change in physical stock levels.

Get Total Business Inventories in Excel

Pull Total Business Inventories directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=Inventories()

View the Inventories formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Total Business Inventories?

Total Business Inventories is 2.736T as of May 2026.

What is the all-time high and low of Total Business Inventories?

The highest value on record is 2.736T (May 2026) and the lowest is 801B (January 1992).

How often is Total Business Inventories updated?

Total Business Inventories is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Total Business Inventories in Excel?

Use the MarketXLS Excel formula =Inventories() to pull Total Business Inventories directly into any cell, with historical values available for analysis.

Basic info
Inventory refers to all the items, goods, merchandise, and materials held by businesses of the economy for selling in the market to earn a profit.
RegionUnited States
FrequencyMonthly
Last updatedJuly 16, 2026
Seasonal adjustmentSeasonally Adjusted
UnitMillions of Dollars

Stats
Last Value2.736T
Latest PeriodMay 2026
Last UpdatedJuly 16 2026, 09:03
Value Previous Month2.728T
Change From Previous Month0.29%
Value 1 Year Ago2.654T
Change From Year Ago3.08%
Average Growth Rate3.64%/yr
Record High (May 2026)2.736T
Record Low (Jan 1992)801B
Long-Term Average1.548T
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitMillions of Dollars

Annual Averages
20262.708T
20252.663T
20242.619T
20232.584T
20222.49T
20212.101T
20201.971T
20192.033T
20181.95T
20171.873T
20161.824T
20151.802T

Related Indicators
Industrial Production: Total Index
Capacity Utilization: Total Index
Advance Real Retail and Food Services Sales
US Light Vehicle Sales
Durable Goods Orders
Core Capital Goods Orders
Commercial and Industrial Loans
Total Consumer Credit
Corporate Profits After Tax
Housing Starts
Building Permits
Housing Units Under Construction
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