The current national bout of low inventory represents an “unprecedented non-recessionary inventory collapse” for the last 20 years, a new report by JPMorgan found.
“While non-manufacturing activity is now tracking a strong and steady recovery, the goods-producing sector has been buffeted by supply constraints alongside continued boomy gains in final demand,” the report noted. “The result has been a slump in inventories that, over the past two decades at least, looks to be unprecedented…
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