November 2012 Wholesale Sales & Inventories Show Sluggish Economy
From Econintersect Combined RSS Feed
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.
Econintersect 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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January 10, 2013 - 10:20am
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