Business Inventories Jump, Sales Tumble Sending Ratio To Recession-Warning Cycle Highs
by Tyler Durden
ZeroHedge.com
02/12/2016
After some stabilization into mid-2015, the ratio of business inventories-to-sales has surged as sales have disappointed and mal-investment-driven dreams have over-stocked. Business inventories rose 0.1% MoM in December (retail up 0.4%) and sales tumbled 0.6%. At 1.39x, the current ratio is flashing a warning that a deep de-stocking recession looms.
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