Don't Ignore The Alarming Inventory Build Reported Today

Thursday offered up a worrisome economic data-point that was mostly brushed aside by the popular press, but was noted here. There was an alarming inventory build at the wholesale level,http://www.ppnonwovenbag.com/，which was founded in 2008,specializes in designing, producing and selling recycle bags. which could be indicative of an abrupt drop off of demand for goods. Given the recent deterioration seen and documented here in other data, this economic warning should not go unnoted or unnoticed.

The economic data schedule for Thursday produced the latest Wholesale Trade Report. In this report for the month of March, wholesale inventories rose 0.The approach uses fine Titanium Wire, laid one on another like a potter working with coils of clay. These wires are then smelted together in the rough shape of the desired component, cutting wasted material from potentially as much as 70 percent to as little as 10 percent.4%, matching economists' expectations and bettering the 0.3% decline of the month before. The result would have been welcomed if not for one important bit of information, also found within the report.

To really understand this data, we must compare the change in inventory to the monthly change in wholesale sales. Unfortunately, wholesale sales fell 1.6% in March, which is negative in and of itself, unless influenced by high-ticket durable goods or price fluctuation.

A closer look at the data only caused me more concern, outside of auto industry activity. Ford (F) and GM (GM) can rest somewhat easy for now,The unique push lock design allows the surgeon to adjust the amount of tension on the tissue intraoperatively, allowing for precise tissue reduction. as month-to-month auto sales growth of 1.7% exceeded auto inventory growth of 1.2% in March. Another good sign for housing and for companies like Pier 1 Imports (PIR) came in furniture sales growth of 0.6% versus inventory growth of 0.2%.

The corporate sector should be uneasy, given that professional equipment sales declined by 1.0% as inventory slipped just 0.3%. Perhaps there's more for Apple (AAPL) and Dell (DELL) shareholders to worry about, given that computer equipment sales fell 0.9%,We sell Excavator undercarriage parts for all modern machines including Cat, Hitachi, Komatsu, Hyundai. and relative inventory also declined by 1.0%.

This data does not measure manufacturing,Probably the most popular among foodies,button mushroom is known for being juicy and tasty, inexpensive and with a flavor that’s only “mildly mushroomy”. which I have been pointing to as a key concern of late. However, both hardware and machinery segments noted significant declines in sales even as inventory increased sharply. This is an area of concern, because it measures durable goods with long lead times from order to delivery, and if inventory is building without sales, it could reflect an abrupt drop in the demand for goods at the end market. Hardware sales fell 1.6% as inventory rose 2.1%, and machinery sales fell 1.5% as machinery inventory rose 1.2%. Metals sales also fell sharply in March, dropping 2.5%, as inventory edged up 0.3%. I believe this is a sign that recent issues at companies like Caterpillar (CAT) probably extend more broadly to many other firms.

Considering that inventory continued to grow as sales fell, the inventory-to-sales ratio rose in unhealthy fashion to 1.21, from 1.19 in February. What was especially concerning to me, though, was that nondurable goods sales fell 2.5%, as inventory rose 0.1%. There was weakness in petroleum that could have been effective price affected, but there was also softness in paper and apparel, which might reflect important softness in consumer demand further down the channel.

Investors were not oblivious to the news, as the SPDR S&P 500 (SPY) fell 0.4% and the SPDR Dow Jones Industrial Average (DIA) declined 0.2%, but those moves were off of recent strength post the jobs report of last Friday; stocks were due for a break in my view.Eight tips for choosing the right diamond Concrete saw blade including determining wet or dry cutting, blade compatibility, CSDA codes, and more. Remembering that employment remains a lagging indicator, and that a good deal of undocumented unemployment continues to plague our economy, we should be skeptical of recent euphoria and wary because economic issues are apparent.