October 2015 US business inventories data report 11 December 2015
– Prior +0.3%
– Sales -0.2% vs unch prior
– Inventory/sales ratio 1.38 vs 1.37 prior
Retailers where the only mob to increase inventories by 0.1%. Sales were flat in that sector and wholesale and down elsewhere. If anything given the time of year, I would have expected to see a bigger gain on the retail front in both, ahead of the Nov holiday shopping events