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April Business Inventories Preview -........>

US DATA
US DATA: April Business Inventories Preview - 10:00 EDT/15:00 BST
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- Business inventories are expected to rise by 0.5% based on both the Bloomberg
consensus and MNI survey of analysts and in line with a calculation made by MNI
after the wholesale data were released on June 7.
- With factory inventories locked in with a 0.3% gain and wholesale inventories
up 0.8%, the only question will be if there is a revision to the 0.5% gain in
retail inventories.
- As for sales, factory shipments fell 0.5%, wholesale sales fell by 0.4%, and
the advance estimate of retail trade sales was a 0.2% 
decline, adding up to a 0.4% decline for business sales before any retail sales
revision

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