Business Inventories Surge Most In 29 Months, Sales Ratio Signals Recession Imminent
by Tyler Durden
ZeroHedge.com
08/13/2015
Total business inventories for June rose 0.8% MoM – the biggest rise since Jan 2013. Great news for Q2 GDP as we stacked ’em high, but as sales lagged dramatically, the inventory-to-sales ratio hit a new post-crisis high at 1.37, flashing a very recessionary level going forward (dampening hype hope for Q3 GDP). Once again it was autos that saw the biggest relative jump in inventories (+1.4% MoM) relative to sales (-1.5%).
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