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May business inv +0.4% as expected by and...>

US DATA
US DATA: May business inv +0.4% as expected by analysts and an MNI 
calc. Retail inv unrev at +0.4% same as the advance estimate.
- Total business inv ex retail auto +0.3%; retail inv ex auto +0.1%, 
unrev from +0.1% in advance estimate, but auto inv rev down to +0.9% 
vs +1.0% in advance.
- All retail inv components were up, except for clothing and furniture. 
The unpublished retail inv components category +0.1% based on an MNI 
calc.
- Business sales +1.4%, so inv/sales ratio 1.34 vs 1.35 in April, and 
down from 1.39 a year earlier, as sales growth sharply outpaced 
inventories.

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