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Oct rev wholesale inventories +0.1%, sales..>

US DATA
US DATA: Oct rev wholesale inventories +0.1%, sales -0.7%
------------------------------------------------------------------------
- Wholesale inventories revised lower from +0.2% in advance read.
- Sales -0.7%: dur sales -0.6% (autos +0.6%), nondur -0.9% (petro +0.5%)
- Wholesale dur inv -0.3% (auto -0.4%). Nondur inv +0.7% (petro -3.7%).
- Inv/sales ratio 1.37, up from 1.36 April and from 1.30 yr ago. 
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Sales down and inventories up in October was the takeaway from the 
revised data Friday, with durable inventories down and non-durables up  
-- helped in part by a big uptick in drug stocks, perhaps ahead of the 
flu season (+4.2% in Oct vs -3.7% in Sept). It was the biggest gain in 
drug stocks since Jan 2018's 6.6% gain. Wholesale sales down 0.7% was 
the steepest m/m decline since Dec 2018.
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