US DATA: April business inventories +0.8%, slightly below +0.9% expected
as retail inv only +0.1%. Retail mtr veh inv +0.3% on the slight sales
decline, retail inv ex. mtr veh +0.1%, with the categories mixed. Total
business inventories ex. retail auto +0.9%. Business sales only +0.1% in
April, putting the April inv/sales ratio at 1.26 vs 1.25 in March. The
data incl the manufacturing annual revisions released May 13.