Business inventories grew at a mere 0.1% in December, missing expectations for the 7th of the last 8 months. This is the slowest inventory growth since May 2013. Perhaps most worrisome is the drop in sales (down 1.1%) which slammed the inventory-to-sales ratio to its highest since July 2009. The slowest growth in business inventories since May 2013... But a slump in sales pushed the inventory-to-sales ratio to its highest since July 2009... Charts: Bloomberg