October wholesale inv +0.8%, above +0.7% in.>

US DATA: October wholesale inv +0.8%, above +0.7% in the adv est. 

- According to an MNI calc, outlook for October business inv is +0.6% 

based on the +0.1% factory inv and assuming no revision to adv +0.9% for

retail inv. Business sales would be +0.2%, based on the -0.2% reading 

for wholesale sales, a -0.1% reading for factory shipments, and assuming

no revision to +0.9% for retail trade sales.                    

- Ex. autos, October wholesale inv would have been +0.5% and sales would 

have been -0.1%, according to an MNI calc. 

- Wholesale durable inv +1.7% (auto +3.4%). Nondurables inv -0.6% 

(petro -8.9%). Durables sales -0.1% (autos -1.3%), and nondurables sales 

-0.3% (petro +0.5%). 

- Inv/sales ratio up to 1.28 from 1.27 in September, and unchanged from 

1.28 yr ago.