US wholesale sales January 2018 -1.1% vs 0.7% exp m/m

January 2018 US wholesale sales and inventory revisions 9 March 2018

• Prior 1.2%. Revised to 0.8%
• Inventory revision 0.8% vs 0.7% exp. Prior 0.7%
• Inventory/sales ratio 1.26 vs 1.23 prior

Sales were ticking along nicely so this is a bit of a slap in the face.  Sales were down in durables, non-durables, autos, and machinery. There could still be some seasonality playing out in the number though.

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Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
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