The Commerce Department reported on Thursday that business inventories rose 0.3 percent m-o-m in February, fallowing an upwardly revised 0.9 percent m-o-m increase in January (originally a gain of 0.8 percent m-o-m).

That was below economists’ forecast for a 0.4 percent m-o-m advance.

According to the report, manufacturing (+0.3 percent m-o-m), retail (+0.3 percent m-o-m) and wholesale (+0.2 percent m-o-m) inventories all increased in February.