June business inv +0.5%, as expected by and.>

US DATA: June business inv +0.5%, as expected by analysts and an 

MNI calculation based on the source data, with retail inv +0.6%, 

also as expected from the advance estimate. Wholesale inv already 

reported +0.7% and factory inv +0.2%. Total business inventories ex 

retail auto +0.4%; retail inv ex auto +0.5%, unch from adv estimate. 

Retail auto inv +0.7%, unch from the adv rpt. Other retail inv 

components were mixed, with building materials and general merchandise 

up, and food & beverage and clothing down. The unpublished retail inv 

components were +1.0% based on an MNI calculation,following +0.8% in 

May. Business sales +0.3%, with retail trade sales +0.3%, wholesale 

sales +0.7%, factory shipments -0.2%. Inv/sales ratio 1.38 in June vs 

1.37 in May, but down slightly from 1.40 a year ago. See MNI main wire.