June wholesale inv +0.7% vs +0.6% in the....>

US DATA: June wholesale inv +0.7% vs +0.6% in the advance estimate. The 

outlook for June business inv is +0.5% based on the already released 

+0.2% reading for factory inv and assuming no revision to the +0.6% for 

retail inv from the advance estimate. June wholesale sales +0.7%, so 

including -0.2% for factory shipments and assuming no revision to -0.1% 

for retail trade sales in last month's release, business sales would be 

+0.2%. Ex. autos, wholesale inv would have been +0.6% in June, and 

sales would have been +0.8%, according to an MNI calc. Wholesale durable 

inv +0.5% with auto inv +1.4%. Nondurables inv +1.0%, with -5.2% for 

petro. Durables sales flat (autos -0.5%), while nondurables sales +1.4% 

(petro +1.9%). Inv/sales ratio unch from May 1.29. See MNI main wire.