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Business Inventories Grow At Slowest Pace Since May 2013, Inventory-To-Sales Worst Since Lehman

Business inventories grew at a mere 0.1% in December, missing expectations for the 7th of the last 8 months. This is the slowest inventory growth since May 2013. Perhaps most worrisome is the drop in sales (down 1.1%) which slammed the inventory-to-sales ratio to its highest since July 2009.

 

The slowest growth in business inventories since May 2013...

 

But a slump in sales pushed the inventory-to-sales ratio to its highest since July 2009...

 

 

Charts: Bloomberg