February wholesale inv +0.2%, just below by.>

US DATA: February wholesale inv +0.2%, just below the +0.3% exp by BBG 

and MNI, with durable inv +0.1% and nondurable inv +0.3%

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- Ex autos, wholesale inv would have been +0.2% and sales would have 

been +0.2%, according to an MNI calculation.

- Durable inv led by gains in machinery and miscellaneous durables, 

offset by declines in computer equipment, lumber, and metals. 

- Nondurable inv +0.3% on gains in drugs and apparel. 

- Durable sales +0.1%, autos +0.3%. Nondurable sales +0.4%, with 

petro +2.9%.

- Inv/sales ratio unch from 1.35 in Jan and up from 1.29 a year ago.

- According to an MNI calculation, business sales tracking +0.2%.

- Business inv cannot be calculated due to missing adv retail inv data.