Wholesale Sales Bounce 0.7% Led by Petroleum; Autos Problematic

by Mike ‘Mish’ Shedlock
Mish Talk

Wholesale sales numbers bounced a hefty 0.7% but the internals look pretty weak.

Autos were down again with auto inventories up.

Durable goods sales declined 0.2% and apparel dipped 5.9%. The inventory-to-sales figure remained unchanged.

Let’s dive into the Census Department report on Monthly Wholesale Inventories for a closer look.

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