Wholesale Trade Data Suggest Manufacturing Recession Spreading To Entire Economy

by Tyler Durden
ZeroHedge.com
01/08/2016

The good news – wholesale inventories are being worked off (falling 0.3% MoM in November – biggest drop since May 2013). The bad news – inventories are being worked off (crushing Q4 GDP hopes and Fed forecasts). The ugly news – Wholesale sales collapsed 1.0% MoM – the biggest drop in a year (leaving the spread between sales and inventories at a record high). The ugliest data of all – inventories-to-sales spiked to 1.32x – (the highest since 2008’s crisis recession and as high as the worst in the 2001 recession!)

The Rest…HERE

This entry was posted on Friday, January 8th, 2016 at 1:42 pm and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.