The Commerce Department announced on Friday that business inventories were flat m-o-m in September, following a revised 0.1 m-o-m decline in August (originally unchanged m-o-m).

That was below economists’ forecast of a 0.1 percent m-o-m increase.

According to the report, inventories at wholesalers declined 0.4 percent m-o-m in September, while retail inventories increased 0.2 percent m-o-m and stocks at manufacturers grew 0.3 percent m-o-m.

Retail inventories excluding autos, which go into the calculation of GDP, rose 0.2 percent m-o-m, following a 0.3 percent gain in the previous month.