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US DATA: Aug business inv +0.5% vs +0.6% expected by analysts. Retail
inv unrevised from +0.7% in the advance estimate.
- Total business inv ex retail auto +0.3%; retail inv ex auto flat,
rev down from +0.1% in advance estimate, but auto inv rev down to +1.8%
vs +2.0% in advance.
- Retail inv components were up on gains in motor vehicles, furniture
and applicances, and food and beverage stores. The unpublished retail
inv components category -0.6% based on an MNI calc.
- Business sales +0.5%, but inv/sales ratio unch from 1.34 in July, and
below from 1.39 a year earlier, as sales growth sharply outpaced