November 2012 Wholesale Sales & Inventories Show Sluggish Economy
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January 10, 2013 - 10:20am
Written by Steven Hansen
November 2012 wholesale sales and inventories did not look as good as last months strong data - but still ok. This data series is very noisy, and must suffer from data gathering anomalies. This analysis continues to be the opposite of the published headline analysis.
sales down 2.4% month-over-month, and up 5.7% year-over-year
sales (inflation adjusted) up 1.0% year-over-year
inventories up 0.3% month-over-month, inventory-to-sales ratio is 1.12 which is normal for Novembers.
There is no recessionary feel in this data, and but is demonstrating a sluggish economy.
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