January 2016 US wholesale inventories 0.3% vs -0.2% exp m/m

Details of the January 2016 US wholesale inventories data report 9 March 2016

• Prior -0.1%. Revised to 0.0%
• Sales -1.3% vs -0.3% exp m/m. Prior -0.3%. Revised to -0.6%
• Inventory/sales ratio 1.35 vs 1.32 prior. Revised to 1.33

Weaker than expected sales keep stocks on shelves and that suggests that we see further draw downs going forward.