The Commerce Department reported on Monday that business inventories rose 0.8 percent m-o-m in January 2019, matching an upwardly revised increase in December 2018 (originally a gain of 0.6 percent m-o-m).
That was above economists’ forecast for a 0.4 percent m-o-m advance.
According to the report, wholesale (+1.2 percent m-o-m), retail (+0.8 percent m-o-m) and manufacturing (+0.5 percent m-o-m) inventories all rose in January.