July 2020 total business inventories/sales ratio was 1.33. The July 2019 ratio was 1.39. #Census
U.S. Business Inventories Inch Up In Line With Estimates In July: A report released by the Commerce Department on Wednesday showed a modest increase in U.S. business inventories in the month of July. The Commerce Department said business… RTTNews
The U.S. economy collapsed at a record -32.9% pace in 2q (April-June), the govt. says. Deep plunges in consumer spending (70% of U.S. economy); exports, inventories, business investment and spending by state and local governments
US consumers save Trump: US economy expanded at 4.1% pace in 2Q, less than expected 4.2%. This quarter, consumption was basically growth: it added 4ppts to growth of 4.1%. Net exports contributed 1.06ppt to GDP, most since 4Q 2013. Change in business inventories subtracted 1 ppt.
Mar. retail sales unexpectedly fell & Feb. business inventories fell for the 2nd consecutive month. It's not fiction, the recession is real!