The Commerce Department announced on Wednesday its preliminary estimate showed that the U.S. wholesale inventories edged down 0.1 percent m-o-m in November, following a revised 1.2 percent m-o-m increase in October (originally a 1.1 percent m-o-m growth). This was the first monthly decline in wholesale inventories since July.

According to the report, stocks of nondurable goods decreased 1.4 percent m-o-m in November, while durable goods inventories rose 0.9 percent m-o-m.

In y-o-y terms, wholesale inventories dropped 2.2 percent in November.