Q2 GDP To Suffer As Wholesale Inventories Plunge In April

by Tyler Durden
ZeroHedge.com
Jun 9, 2017

Thanks to a big drop in automotive inventories (and sales) and farm products, April’s final wholesale inventories data tumbled 0.5% MoM. It has not seen a bigger drop since May 2013.

Auto Inventories dropped 1.4% MoM and Farm Products tumbled 2.4% MoM, but Petroleum products 5% drop was the biggest.

This is considerably worse than the preliminary print.

YoY Growth in both Wholesale Inventories and Sales are starting to roll over…

The Rest…HERE

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