Wholesale Inventories-To-Sales Holds At Recessionary Highs

wall-street-etfTyler Durden:  Following an upwardly revised April 0.7% rise in inventories, May saw yet another build (+0.1% MoM) but for once sales outpaced it with a 0.5% MoM gain.

However, inventories remain 0.5% higher YoY with sales down 2.5% leaving the inventories-to-sales ration hovering at 1.35x – previous recession highs.

Inventories continue to rise and sales drop.

 

leaving inventories-to-sales at recessionary peaks.

 

Of course Bernanke’s helicopter money will fix all this right?

Or will corporations front-run the exuberance and overbuild the wrong inventories again?

This article is brought to you courtesy of Tyler Durden From Zero Hedge.

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)

Powered by WPeMatico