The Commerce Department announced on Wednesday the U.S. wholesale inventories edged down 0.1 percent m-o-m in December after a revised 0.1 percent m-o-m advance in November (originally a 0.1 percent m-o-m drop).

According to the report, durable goods inventories declined 0.2 percent m-o-m in December, following a 0.m-o-m drop in the previous month. Meanwhile, nondurable goods inventories rose by 0.1 percent m-o-m after a 0.9 percent m-o-m gain in November.

In y-o-y terms, wholesale inventories grew 2.3 percent in December.