August wholesale inv +1.0%, slightly above..>

US DATA: August wholesale inv +1.0%, slightly above +0.8% in the adv 

est. 

- According to an MNI calc, outlook for August business inv is +0.5% 

based on the -0.1% factory inv and assuming no revision to adv +0.7% for 

retail inv. Business sales would be +0.5%, based on the +0.8 reading for  

wholesale sales, a +0.5% reading for factory shipments, and assuming no 

revision to +0.1% for retail trade sales.                    

- Ex. autos, August wholesale inv would have been +0.7% and sales would 

have been +0.9, according to an MNI calc. 

- Wholesale durable inv +0.9% (auto +3.5%). Nondurables inv +1.2% 

(petro +0.5%). Durables sales +1.3% (autos +0.2%), and nondurables sales 

+0.5% (petro +1.0%). 

- Inv/sales ratio unch at 1.26 in August, and down from 1.30 yr ago.