Q1 GDP Takes Another Hit As Wholesale Inventories Slide In March

With non-hope-based GDP forecasts for Q1 at cycle lows, today's wholesale inventories decline will not help. After dropping in January, and rebounding in Feb, March saw inventories drop 0.1% (against expectations of a 0.2% rise).


This is the first quarterly decline in wholesale inventories since Q1 2016 (when the world was feared to be heading into recession).

Yet another 'hard' data disappointment.


No comments yet! Be the first to add yours.