September wholesale inv +0.4%, above +0.3%..>

US DATA: September wholesale inv +0.4%, above +0.3% in the adv est. 

- According to an MNI calc, outlook for September business inv is +0.3% 

based on the +0.5% factory inv and assuming no revision to adv +0.1% for

retail inv. Business sales would be +0.5%, based on the +0.2% reading 

for wholesale sales, a +0.9% reading for factory shipments, and assuming

no revision to +0.4% for retail trade sales.                    

- Ex. autos, September wholesale inv would have been +0.2% and sales 

would have been +0.2%, according to an MNI calc. 

- Wholesale durable inv +0.8% (auto +1.4%). Nondurables inv -0.4% 

(petro +5.0%). Durables sales flat (autos -0.6%), and nondurables sales 

+0.3% (petro +2.4%). 

- Inv/sales ratio unch at 1.26 in September, and down from 1.29 yr ago.