The Commerce Department announced on Tuesday that business inventories edged down 0.1 percent m-o-m in January 2020, following a revised unchanged m-o-m in December 2019 (originally, a gain of 0.1 percent m-o-m).

That was in line with economists' forecast for a 0.1 percent m-o-m decrease.

According to the report, stocks at wholesalers fell 0.4 percent m-o-m in January, while those at manufacturers reduced 0.1 percent m-o-m, and retail inventories remained unchanged m-o-m.

In y-o-y terms, business inventories increased 1.1 percent in January.