The Commerce Department announced on Friday the U.S. wholesale inventories rose 0.4 percent m-o-m in August, slightly worse than the preliminary estimate of a 0.5 percent m-o-m gain. Anyway, this marked the first monthly rise in wholesale inventories since April.

Economists had forecast the reading to stay unrevised at +0.5 percent m-o-m.

In July, wholesale inventories edged down 0.1 percent m-o-m.

According to the report, durable goods inventories increased 0.6 percent m-o-m in August, while stocks of nondurable goods were flat m-o-m.

In y-o-y terms, wholesale inventories dropped 5.2 percent in August.