US February wholesale inventories final reading 7 April
– 0.4% flash
– -0.2% prev
– wholesale trade sales +0.6% vs +0.2% exp vs +0.3% prev revised up from +0.1%
The reading comes in as expected/flash but both are worse than previous report and that’s not good when inventories mean stock on the shelves still. Not considered to be preparing for future demand.