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January wholesale inv +1.2%, well above the.>

US DATA
US DATA: January wholesale inv +1.2%, well above the +0.1% exp by BBG 
and MNI, with durable inv +0.9% and nondurable inv +1.6%
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- Ex autos, wholesale inv would have been +1.2% and sales would have 
been +0.3%, according to an MNI calculation.
- Durable inv led by gains in electrical, furniture, and autos.
- Nondurable inv on +10.7% in petroleum.
- Durable sales flat, but autos +2.5%. Nondurable sales +0.9%, with 
petro +1.1%.
- Inv/sales ratio rose to 1.34 from 1.33 in Dec and 1.28 a year ago.
- According to an MNI calculation, business sales tracking +0.1%.
- Business inv cannot be calculated due to missing adv retail inv data.

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