Wholsale Inventories Drop Most Since 2013; Sales Miss As Slowdown Accelerates
by Tyler Durden
ZeroHedge.com
04/08/2016
There was one thing keeping US GDP growing in recent months: rising inventory. Well, no more. Moments ago the Dept of Commerce reported the latest inventory data and following major historical revisions, not only was last month’s inventory print slashes from 0.3% to -0.2%, but the February Inventory number was a dramatic -0.5% drop, far below the -0.2% expected.
The Rest…HERE
