The Commerce Department announced on Tuesday that business inventories rose 0.7 percent m-o-m in September, following an unrevised 0.3 percent m-o-m advance in August.

That was slightly above economists’ forecast for a 0.6 percent m-o-m increase.

According to the report, stocks at retailers surged 1.7 percent m-o-m in September, while inventories at wholesalers rose 0.4 percent m-o-m and those at manufacturers were flat m-o-m.

In y-o-y terms, business inventories declined 4.7 percent in September.