The Commerce Department announced on Wednesday the U.S. wholesale inventories went up 0.3 percent m-o-m in December, better than the preliminary estimate of a 0.1 percent m-o-m gain.

Economists had forecast the reading to stay unrevised at +0.1 percent m-o-m.

In November, wholesale inventories were flat m-o-m.

According to the report, durable goods inventories edged up 0.1 percent m-o-m in December, while stocks of nondurable goods rose 0.6 percent m-o-m. 

In y-o-y terms, wholesale inventories declined 1.6 percent in December.