Wholesale Trade Sales Tumble In January, Biggest Drop In 2 Years As Inventories Build
by Tyler Durden
ZeroHedge.com
Fri, 03/09/2018
After 7 straight months of growth, wholesale sales tumbled in January – the worst drop since Jan 2016.
On the other side of the wholesale picture, inventories rose 0.8% MoM (more than the expected 0.7% build), the highest since August 2017.
Which is likely to prompt upgrades for Q1 GDP.
Of course this divergence between sales (dropping) and inventories (building), sent the inventories/sales ratio up by the most in 3 years…
The Rest…HERE
