Wholesales Sales Growth Stalls In March - Weakest In 8 Months

Tyler Durden's picture

Final data for wholesale inventories and sales data in March show a modestly better than expected rise in inventories (+0.2% vs -0.1% MoM) and worse than expected sales which showed no growth in March - the weakest print since July 2016.

Auto inventory to sales rose in March (back towards Nov 2016 highs) but Lumber sales were the biggest drag in March (down 3.0% MoM) - which is perhaps why Trump stepped it up with Canada.

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Max Damage's picture

Poor sales + higher inventories = Buy moar Apple stock....

Number 9's picture

guns and ammo sales have fallen off a cliff

Gilnut's picture

We're all stocked up.  :)

E.F. Mutton's picture

I have all I need.  I hope.

Number 9's picture

If 20,000 rounds is not enought, I guess the shit was  deeper and the fan was bigger than I could have imagined

yogibear's picture

Bullish!!! Average PEs should be 15 pets higher than the 2000 Dot Com bubble. So average PEs on the shiller PE should be 65. Much more upside folks.

Max Damage's picture

Tech bubble had GAAP reporting. today NON GAAP lies. Real PE based on GAAP is over 60

TrustbutVerify's picture

Thumbs up to fair lumber pricing. We'll work it out with Canada. But otherwise...this article is horrible news...not for the US really. What percentages of these wholesale goods are foreign made? So, who cares? With all our problems of unemployment and under-employment...Americans are still too stupid to make real efforts to avoid buying foreign products and make real effort to buy American products that will build pressure to further increase manufacturing here.

TrustbutVerify's picture

Thumbs up to fair lumber pricing. We'll work it out with Canada. But otherwise...this article is horrible news...not for the US really. What percentages of these wholesale goods are foreign made? So, who cares? With all our problems of unemployment and under-employment...Americans are still too stupid to make real efforts to avoid buying foreign products and make real effort to buy American products that will build pressure to further increase manufacturing here.