Wholesale Trade: Another Bad Report, Inventories Decline, Prior Month Revised Way Lower; Expect Negative Revisions to 3rd and 4th Quarter GDP; What…
Wholesale Trade: Another Bad Report, Inventories Decline, Prior Month Revised Way Lower; Expect Negative Revisions to 3rd and 4th Quarter GDP; What About Autos? Economists missed the wholesale trade report numbers by a mile. The Econoday Consensus Estimate for today’s trade numbers was +0.2% in a range of 0.0% to 0.4%