Low productivity, compiled with increased inventories tells me the economy is slowing. I read the increase in inventoy as buyers are holding back on purchases. (shrug) I really dont know, and have a great deal of trouble believing anything the Gubberment says. 🙂
Apparently the markets are taking it all as good news this morning.
Wholesale inventories up 0.3% in June
http://www.cnbc.com/2016/08/09/wholesale-trade-inventories-for-june-2016-reported-by-census.html