Wholesale Sales Tumble Most Since January, Inventories Ratio Deep In Recessionary Territory
by Tyler Durden
ZeroHedge.com
Sep 9, 2016
Wholesales sales slumped 0.4% MoM in July – the biggest drop since January. Inventories were unchanged MoM, driving the inventories-to-sales ratio back up to 1.34x. Year-over-year, this was the 19th consecutive month of declines for wholesale sales… probably a good time to hike rates?
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