May 2014 US business inventories 0.5% vs 0.6% exp m/m

• Prior 0.6% • Business sales 0.4% vs 0.8% prior m/m. 4.6% y/y • Inventpry to sales ratio 1.29 unch • Manufacturing sales 0.1% vs 0.4% prior • Retailer sales 0.4% vs 0.7% prior • Wholesalers 0.7% vs 1.3% prior Still a flat-ish picture in inventories which are holding their le…

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May 2014 US business inventories 0.5% vs 0.6% exp m/m

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