Business inventories rose 0.5% YoY and Business Sales dropped 0.8% – the 19th month in a row of sales decline and inventry builds.
Inventories were unch Mom (against expectations of a rise) and Sales fell 0.2% MoM.
Busines inventories to sales remain in recession territory as the decline stalled in July…
Not a great day for the optimists.
Charts: Bloomberg
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