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Business Inventories-To-Sales Ratio Jumps To Highest Since Nov ’16 As Auto Inventories Spike

Courtesy of ZeroHedge. View original post here.

Once again motor vehicles dominated the rise in inventories in June (up 0.7% MoM) as retail inventories rose 0.6% MoM but sales lagged at just 0.3%. This mismatch pushed the aggregate inventory-to-sales ratio back to its highest since Nov 2016 at 1.38 months.

But it's autos that remain near ex-crisis highs in inventories…


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