MarketXLS

Total Business Inventories 2.74T for 

Total Business Inventories came in at 2.74T for Jun 2026, up 0.04% from 2.739T the prior month and 3.03% above its level of 2.66T one year ago. The series has averaged 1.551T since 1992, reaching a record high of 2.74T in June 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

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June 1, 20262.74T
May 1, 20262.739T
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, 20252.66T
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
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⋮
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

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 2.74T as of June 2026.

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

The highest value on record is 2.74T (June 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 updatedAugust 14, 2026
Seasonal adjustmentSeasonally Adjusted
UnitMillions of Dollars

Stats
Last Value2.74T
Latest PeriodJun 2026
Last UpdatedAugust 14 2026, 09:02
Value Previous Month2.739T
Change From Previous Month0.04%
Value 1 Year Ago2.66T
Change From Year Ago3.03%
Average Growth Rate3.64%/yr
Record High (Jun 2026)2.74T
Record Low (Jan 1992)801B
Long-Term Average1.551T
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitMillions of Dollars

Annual Averages
20262.714T
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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