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US May wholesale sales +0.4% vs +0.1% expected

Prior was +0.1% (revised to +0.2%)Inventories +0.6% vs +0.6% expectedPrior inventories +0.6%Inventories -0.5% y/y

The inventory number will help to put a floor under Q2 GDP estimates while the better sales should add to optimism about Q3.

This article was written by Adam Button at www.forexlive.com.

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