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Wholesale Inventory Growth Slowest Since May 2013, Sales Tumble – Worst Ratio Since Lehman
Tuesday, February 10, 2015 10:50
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There goes GDP… Inventory growth stalled notably to just 0.1% MoM in December (missing the 0.2% rise expectations) from 0.8% growth in November to its lowest since May 2013. The other side of the spectrum was even worse with Wholesale Sales sliding a worse-than-expected 0.4% leaving the December inventories/sales ratio at 1.22 (up from 1.16 in December) to the worst level since Lehman. If we build it… based on artificial price signals and mal-investment – they didn’t come…
It appears we have reached peak inventory stuffing…
as the pulled forward demand disappears…
Not exactly “crisis has passed” kind of news…
Source: http://silveristhenew.com/2015/02/10/wholesale-inventory-growth-slowest-since-may-2013-sales-tumble-worst-ratio-since-lehman/
