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June wholesale inv +0.1%, above flat in the.>

US DATA
US DATA: June wholesale inv +0.1%, above flat reading in the adv est. 
- According to an MNI calc, outlook for June business inv is +0.1% based 
on the +0.1% factory inv and assuming no revision to adv flat est for 
retail inv. Business sales would be +0.4%, based on -0.1% wholesale 
sales, +1.0% factory shipments, and assuming no revision to +0.3% for 
retail trade sales.                    
- Ex. autos, June wholesale inv would have been +0.2% and sales would 
have been -0.1%, according to an MNI calc. 
- Wholesale durable inv +0.8% (auto -1.2%). Nondurables inv -1.0% (petro
-0.8%). Durables sales +0.2% (autos +0.4%), and nondurables sales 
-0.3% (petro +1.2%). 
- Inv/sales ratio unch at 1.25 in June, and down from 1.31 yr ago. 
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