Sunday, July 12, 2015

7/11/15 Wholesale Trade Report for May - are we in a slowdown recession?

Again, looking at non-seasonally adjusted data from a year ago is the most accurate way of looking at most of the economic data.  Yellow box lower right shows sales for the first 5 months of 2015 and 2014.  Sales are down 3.7%.  The green box shows inventories in May '15 are 5.1% higher than in May '14.

These bad figures result in a bad inventory to sales ration chart looking like this.

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