manufacturing inventory

Nearly Two Years of Manufacturing Contraction, And No Progress In Inventory

Manufacturing sales were reported Friday to have declined 2.3% year-over-year in May, following a 4.7% contraction in April. Since sales in May 2015 were almost 6% less than May 2014, the manufacturing sector counts almost 8% less in revenue across two years of contraction. The worst part is, again, the time. In seasonally-adjusted terms, estimated sales of $456 billion in [...]

Almost Two Years Already, Inventory Indicates Still More Manufacturing Recession To Come In Terms of Time And Depth

By Jeffrey P. Snider|2016-04-13T18:32:03-04:00April 13th, 2016|Economy, Federal Reserve/Monetary Policy, Markets|

Given the revisions to wholesale sales (downward) and inventories (upward), we knew that the overall inventory imbalance for the whole supply chain would be pushed up somewhat. Total Business Inventory to Sales was 1.41 in February, the second consecutive month at that extreme. And it really is an extreme since the last time we saw such imbalance was November 2008 [...]

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