US DATA: Sept wholesale inv -0.1%, sales +0.5%, inv/sales ratio unch at
1.15. This was the first inventory drop since Dec’09. Sept wholesale
inventories ex. autos were -0.2% vs -0.4% in Aug, an MNI calc shows,
with nondurables inv -0.9%, but dur inv +0.4% on autos and machinery.
Sales were up on autos, petroleum and groceries, offset by a drop in
farm products sales.