Business Inventories, Sales Disappoint; Leave Ratio Deep In Recession

Business inventories rose 0.5% YoY and Business Sales dropped 0.8% - the 19th month in a row of sales decline and inventry builds.

Inventories were unch Mom (against expectations of a rise) and Sales fell 0.2% MoM.

Busines inventories to sales remain in recession territory as the decline stalled in July...


Not a great day for the optimists.


Charts: Bloomberg