Wholesale Trade Sales Tumble In January, Biggest Drop In 2 Years As Inventories Build

After 7 straight months of growth, wholesale sales tumbled in January - the worst drop since Jan 2016.

On the other side of the wholesale picture, inventories rose 0.8% MoM (more than the expected 0.7% build), the highest since August 2017.

Which is likely to prompt upgrades for Q1 GDP.

Of course this divergence between sales (dropping) and inventories (building), sent the inventories/sales ratio up by the most in 3 years...



Silver Savior Fri, 03/09/2018 - 10:15 Permalink

Time to mark the inventory down and throw it away. Possibly "field destroy" or put it on clearance sell it for pennies on the dollar. I am on to all these ass crack capitalists.

Ink Pusher Fri, 03/09/2018 - 10:25 Permalink

"SIT ON IT! " has now gained new meaning.

After sitting on it for so long ,it looks as if the inventories are now climbing up their alimentary canals.

Racer Fri, 03/09/2018 - 10:28 Permalink

The tubes ignore the bad news and only look for the sunny side to justify nosebleed prices - c'mon get it, the price is high, to the moon and beyond!

JMT Fri, 03/09/2018 - 10:55 Permalink

seriously is this even newsworthy?  the reason is that THERE IS A HUGE SHORTAGE or workers so new stores cannot open because they cannot be built


Same for housing -- inventory is so low because the unemployment rate for trades people & construction workers is negative in many places so houses cannot be built


Building permits often expire because it is impossible to find a crew of workers to build either a commercial or residential building