US DATA: Aug wholesale inv +0.4%, sales +1.0%, inv/sales ratio unchanged
at 1.16. Aug wholesale inventories ex. autos were unchanged vs +0.7% in
July, an MNI calc shows. Sales improved on lumber and construction
materials which were up 3.9% as well as auto’s and auto parts which were
up 2.6%. Inventories of auto’s and auto parts increased 4.5% and
electonic goods were up 1.3%. Nonduarable good inventories were down
0.6% as inventories of petro and petro products fell 2.8%.