Daily Disappointment: Wholesale trade down 5% from 2014 Peak

Merchant wholesale trade data printed down 0.2% for February, against expectations of +0.3 With a downward revision for January of -3.6%, wholesale trade is down 5.2% from the June 2014 peak (with seasonal adjustment). That’s an ugly number, and hard to explain with the weather.

mwtot



Categories: Asia Unhedged