Auto Inventories-Sales Ratio Pushes Back To Recession Cycle Highs

Friday, August 12, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Aug 12, 2016

With ugly retail sales and wholesale inventories data rising, the business inventories data rose more than expected (+0.2% vs +0.1%) leaving the inventories-to-sales ratio still deep in recessionary territory. Notably while the overall ratio decline, autos increased to cylce highs at 2.28x. For the 18th month in a row, annual changes in sales declined and inventories rose.

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