The Commerce Department announced on Friday the U.S. wholesale inventories fell 0.2 percent m-o-m in December instead of edging down 0.1 percent m-o-m as previously reported.

Economists had forecast the reading to remain unrevised. In November, wholesale inventories rose 0.1 percent m-o-m.

According to the report, wholesale computer equipment stocks tumbled 1.2 percent m-o-m, while automotive inventories fell 0.6 percent m-o-m and apparel inventories dropped 0.3 percent m-o-m. In addition, decreases were also recorded in machinery, furniture and professional equipment inventories. At the same time, petroleum inventories surged 7.8 percent m-o-m.

In y-o-y terms, wholesale inventories grew 2.1 percent in December.

In 2019, wholesale inventories were up 2.1 percent, following a 7.1 percent jump in 2018.