Forex News: Wholesale Sales increase 1.1% and sales decline 0.8%

This is worse than expectations

The combination of higher inventories and lower sales increases the stockpile of goods to 1.12 month supply up from a revised 1.10 months.  This is still near low levels - indicating that wholesalers are keeping inventory levels as low as possible to account for slowing sales.  However, the decline in sales should be watched going forward.