wholesale sales

Overall Trade Activity Does Not Bolster Taper Optimism

By Jeffrey P. Snider|2013-06-14T15:05:16-04:00June 14th, 2013|Economy, Federal Reserve/Monetary Policy, Markets|

Coincident to the relatively boring retail sales report, the Census Bureau estimated declining trade fortunes across the whole goods supply chain. In the seasonally adjusted data, total trade sales fell 0.1% in April after declining 1.2% in March. Compared to April 2012, total sales were up only 1.5% (meaning they declined on a real basis). Most of the April decline [...]

Wholesale Trouble

By Jeffrey P. Snider|2012-12-11T16:36:32-05:00December 11th, 2012|Markets|

While last Friday’s jobs report had a decent headline number (if little else), the wholesale report is nothing but trouble. Start with wholesale sales, down 1.2% from September on an adjusted basis, while inventories rose 0.5%. Automobile sales fell 3.1%, dragging durable goods sales 0.9% lower on the month. Even nondurable goods had a difficult month, largely due to petroleum [...]

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