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Wholesale Sales Growth Plunges To Lowest Since 2016

Wholesale Trade sales and inventory data both disappointed in June with the former tumbling for the second month in a row and the latter well below expectations.

Wholesale Sales fell for the second straight month (down 0.3% MoM against +0.2% expectation), dragging the YoY change in wholesale sales to its weakest since Trump's election in Nov 2016.

 

L'Oreal CEO on Falling U.S. Sales, China Growth

Wholesale Inventories were unchanged MoM (below the +0.2% expectation) as it seems maybe the big inventory build has capped out once again...

Is the inventory juicing over? It certainly seems that "we built it" but "they did not come"

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