Shock News!!! Wholesale Inventories Rise!

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Yep, the economy and jobs sure are turning around.  I love how they spin this……

Wholesale inventories rise, lifted by cars, machinery

WASHINGTON (Reuters) – Wholesale inventories rose in March, fueled by increased stocks of cars and machinery which have provided support for economic growth early in the year.

The Commerce Department said on Thursday wholesale inventories rose 0.4 percent, just above the median forecast in a Reuters poll for a 0.3 percent gain.

The increase in inventories could reinforce the view that the pace of economic growth picked up in the first three months of the year, bolstered by businesses restocking their shelves. In March, inventories of cars rose 1.2 percent, as did stocks of machinery.

Sales by wholesalers, however, unexpectedly fell in March, down 1.6 percent. It was the biggest drop in four years and confounded economists’ expectations for a 0.1 percent increase.

Yeh, it’s really strange that wholesale inventory increased whiles sales decreased.  Seems like every time sales decline, inventories rise……. weird. 

And, while it is true that production of machinery provides for growth, it isn’t sustained unless someone is actually buying the silly things.  This really doesn’t bode well. 

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5 Responses to Shock News!!! Wholesale Inventories Rise!

  1. kim2ooo says:

    If I don’t have the cash – it stays on the selves!

  2. PhilJourdan says:

    Inventories rose, yet orders fell. And they still said “could reinforce”? Yea, and an apple falling “could reinforce” the claim that gravity does not exist.

  3. Pingback: LOL Expert Economists Obviously Don’t Read Suyts | suyts space

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