by Mike ‘Mish’ Shedlock
Mish Talk
Wholesale inventories came in today at +0.3% compared to a Bloomberg Econoday Consensus Estimate of -0.1%.
The entire range was -0.4% to +0.3% so a small number of economists, most likely one, got the number correct.
That’s not what caught my eye, however. What did catch my eye was an absurd Bloomberg statement about inventories heading into the report.
From Econoday: