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June Business Inventories Flat,.............>

US DATA
US DATA: June Business Inventories Flat, Below-Expected 
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- June business inv flat, below expected +0.1% BBG, +0.2% MNI. Sales +0.1% 
- June retail inv rev to -0.3% (adv -0.1%), ex. auto unrev -0.1%
- Retail auto inv rev down to -0.5% vs -0.3% in advance report       
- Total business inventories ex retail auto +0.1%
- Inv/sales ratio 1.39 vs 1.40 in May, up from 1.34 yr ago

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