Wholesale inventories rose 1.0% nearly matching the consensus 1.1% estimate.
The Census Bureau Monthly Wholesale Report for February shows inventories rose 1.0 percent nearly matching the Econoday consensus. It wasn’t a difficult guess in light of the advance (preliminary) Census Bureau estimates.
Monthly Inventory/Sales Ratio
Wholesale Sales, Inventories, Ratio
In light of retail sales falling three consecutive months, this inventory buildup appears questionable.
Autos? Why? Furniture? Why?