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March Business Inventories Preview -........>

US DATA
US DATA: March Business Inventories Preview - 10:00 EDT/15:00 BST
---------------------------------------------------------------
- Business inventories are expected to hold steady in March based on the
Bloomberg consensus and MNI survey of analysts. An MNI calculation after the
release of wholesale inventories last week also showed business inventories as
on track for a flat reading.
- Factory inventories were already reported as up 0.4% in the month, while
wholesale inventories fell 0.1% and the advance reading for retail inventories
was a 0.3% decline. Only the retail component is subject to revision.
- For sales, factory shipments rose 0.7%, wholesale sales jumped by 2.3%, and
the advance estimate of retail trade sales was a 1.7% gain, adding up to a 1.5%
increase for business sales before any retail sales revision.
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