Perfect. How I see it, had the little rise for the Christmas stocking up season, and soon it will be rolling over. Recovery….(snicker)
A little local sidenote: The big box stores (Walmart etc) have cut back on their ordering of products for the past 6 months. Plenty of bare spaces on shelves. Which to my limited knowledge of retail is a big no no in the biz. Can remember Walmart spending a lot of money hiring ‘stockers’ whose job besides putting product on the shelving also spent a great deal of time ‘facing’ the shelves. If they only had a few cans of beans, they would pull them to the front of the shelve so the store at least had the appearance of being fully stocked. Seeing a lot of bare spaces and holes on the shelves. So either folks are buying a whole lot more ( I doubt it) or they cant get product ( a little scary thought) OR…they are not ordering in the quantities they used to. Another one of those indicators we can see for our own eyes how things are going.