The Commerce Department announced on Friday the U.S. wholesale inventories dropped 0.4 percent m-o-m in September, following a revised 0.1 percent m-o-m gain in August (originally unchanged m-o-m). That marked the largest monthly fall since October 2017.

Economists had forecast wholesale inventories declining 0.3 percent m-o-m in September.

According to the report, stocks of durable goods edged down 0.1 percent m-o-m after gaining 0.2 percent m-o-m in August, while inventories of nondurable goods fell 0.9 percent m-o-m, following a 0.1 percent m-o-m decrease in the previous month.

On a y-o-y basis, wholesale inventories rose 4.8 percent.