The Commerce Department reported on Monday that business inventories rose 0.6 percent m-o-m in December, following a revised flat reading in November (originally a drop of 0.1 percent m-o-m).
That was in line with economists’ forecast.
According to the report, retail (+0.9 percent m-o-m) and wholesale (+1.1 percent m-o-m) inventories increased in December, while manufacturing inventories were unchanged.