June business inv +0.1%, as expected by and.>

US DATA: June business inv +0.1%, as expected by analysts and an MNI 

calc. Retail inv rev up to +0.1% vs flat reading in the advance estimate.

- Total business inv ex retail auto still +0.1%; retail inv ex auto 

+0.2%, rev down from +0.3% in advance estimate, but auto inv rev up to 

-0.1% vs -0.3% in advance.

- The other retail inv components were generally lower, with the only 

increase in building materials inventories (+1.5%). However, the 

unpublished retail inv components category +0.3%, based on an MNI calc.

- Business sales +0.3%, so inv/sales ratio 1.33 vs 1.34 in May, and 

down sharply from 1.39 a year earlier, as sales growth sharply outpaced 

inventories. The June ratio is the lowest since a matching 1.33 in Nov 

2014. It was last lower in Oct 2014, at 1.32.