Wholesale Sales Disappoint Sending Inventories-Ratio Back Into Recession Territory

by Tyler Durden
ZeroHedge.com
Jan 10, 2017

November saw inventories rise more than expected (+1.0% MoM vs +0.9% exp) and sales disappoint (+0.4% vs +0.5% exp) and were notably revised lower. This sent the inventories-to-sales ratio back up again – stubbornly stuck in recessionary territory. Automotive inventories-to-sales jumped higher once again – back near cycle highs.

The Rest…HERE

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