Wholesales Sales Growth Stalls In March – Weakest In 8 Months
by Tyler Durden
ZeroHedge.com
May 9, 2017
Final data for wholesale inventories and sales data in March show a modestly better than expected rise in inventories (+0.2% vs -0.1% MoM) and worse than expected sales which showed no growth in March – the weakest print since July 2016.
Auto inventory to sales rose in March (back towards Nov 2016 highs) but Lumber sales were the biggest drag in March (down 3.0% MoM) – which is perhaps why Trump stepped it up with Canada.
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