Wholesale Inventories-Sales Ratio Holds Near Record Highs As Automakers Suffer

Tuesday, May 10, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/10/2016

While wholesale sales rose modestly MoM, the continued stagnation in wholesale inventories (lowest since 2010) bodes poorly for Q2 GDP. At 1.36x, the wholesale inventories-to-sales remains near record highs, but Automotive inventories to sales soared to cycle highs at 1.83x (as Auto sales dropped 0.7% MoM but inventories rose 1.0% MoM).

The Rest…HERE

This entry was posted on Tuesday, May 10th, 2016 at 11:01 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.

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