The Last Two Times Business Inventories Were This High Relative To Sales, The US Was In A Recession

by Tyler Durden
ZeroHedge.com
11/13/2015

Business Inventories jumped 0.3% MoM in September (notably more than the 0.0% change expected) and the highest since June led by a surge in Retailers restocking (+0.8% despite sales being unchanged). With Sales unchanged (manufacturers -0.4%), the inventories-to-sales ratio surged to 1.38x – the highest since the financial crisis.

The Rest…HERE

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