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May Business Inventories-to-Sales Ratio Remains Stubbornly In Recession Territory
With a 0.3% rise MoM (as expected), Business Inventories grew for the 4th month in a row (but growth slowed in May from April). Sales rose slightly more MoM (+0.4%) but this left the crucial inventories-to-sales ratio deep in recession territory.
Highest level of inventories-to-sales since Lehman...
Charts: Bloomberg
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Good post, if for nothing else I don't see the data point very often. It would be nice if it went back further though, but I guess with increased efficiency of retailers you would expect a downward trend.
Ya. I agree, for perspective.
If this were grain stocks/use ratio, grains would be getting monkey hammered / bled / subjugated / etc.
Just a simple thought from the land of commodity economics.
We have been in recession for several years now if you use accurate inflation data.
Let's not forget that US inflation numbers are completely fake - so real US GDP is much, much lower:
The Chapwood Index for 2014 was 9.7% and official CPI in the land of the free was only 0.8%. So the Nominal GDP of 5.6% for 2014 becomes real GDP of -4.1%.
The revised real GDP for years 2011 to 2013 worked out to -6.2%, -6.5%, -6.5% respectively. So US was actually in depression from 2011 to 2013.
What is the Chapwood Index?
"The Chapwood Index reflects the true cost-of-living increase in America. Updated and released twice a year, it reports the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation."
http://www.zerohedge.com/news/2015-05-29/inaccurate-statistics-and-threa...
....wasn't the Atlanta Feds GDP now supposed to be out 20 minutes ago? I still see 7 July's report....
Being 'fixed' right now.
They need to 'fix' the NFIB small biz optimism index...it took a beating today....
That's because we are in a recession. Three year and five year business profit growth numbers all inidcate we are in a recession.
Worse than that.
Does it matter?
We're at war.