US DATA: July business inventories +1.0% vs +0.7% expected and the
largest gain in 2 years. Retail inv +0.7%, but flat excluding the +2.5%
motor vehicle inv. Business sales +0.7% in July, keeping the inv/sales
ratio at 1.26, still well below the 1.35 ratio a year ago. NSA sales
+8.0% yr/yr, and NSA inv +2.5% yr/yr.