Wholesale Inventories Tumble In September, Confirm GDP Growth Slowdown

Wholesale Inventories Tumble In September, Confirm GDP Growth Slowdown

Thanks to a plunge in inventory stacking for non-durable goods (which sounds admittedly oxymoronic), wholesale inventories slumped 0.7% MoM in September - the biggest decline since

 

Source: Bloomberg

This reversal mimics the hangover after 2013/2014's inventory-stacking surge...

Source: Bloomberg

Not exactly a good sign for Q3 GDP revisions (or Q4...)

 

Tyler Durden Mon, 10/28/2019 - 08:48

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Wholesale Inventories Tumble In September, Confirm GDP Growth Slowdown