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April Business Inventories As-Expected......>

US DATA
US DATA: April Business Inventories As-Expected +0.5%
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- Apr business inv +0.5% as expected by MNI & BBG. Sales -0.2%. 
- Apr retail inv +0.5%, ex. auto +0.4%.
- Total business inventories ex retail auto +0.5%.
- Unpublished retail inv components +0.5% based on MNI calc.
- Inv/sales ratio up to 1.39 from 1.38 in March, up from 1.36 yr ago.

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