The Commerce Department announced on Friday that business inventories rose 0.2 m-o-m in October, following a revised 0.1 m-o-m drop in September (originally unchanged m-o-m).

That was in line with economists’ forecast of a 0.1 percent m-o-m increase.

According to the report, retail inventories increased 0.3 percent m-o-m, while stocks at wholesalers and at manufacturers rose 0.1 percent m-o-m each.

In y-o-y terms, business inventories climbed 3.1 percent in October.