Wholesale Inventories Rise And Sales Tumble Sending Ratio To “Recession Imminent” Cycle Highs
by Tyler Durden
ZeroHedge.com
10/09/2015
Wholesale Inventories rose 0.1% MoM (more than expected and the most in 7 months) and Sales dropped 1.0% MoM (notably less than expected and weakest in 7 months) sending the inventory-to-sales ratio to 1.31x – new cycle highs – and flashing the brightest recession warning yet. With inventories up 4.2% YoY and Sales down 4.5% YoY, the stunning reality is the absolute dollar spread between inventories and sales has never been bigger.
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