The Commerce Department announced on Friday the U.S. wholesale inventories were flat m-o-m in November, slightly better than the preliminary estimate of a 0.1 percent m-o-m drop.

Economists had forecast the reading to stay unrevised at -0.1 percent m-o-m.

In October, wholesale inventories surged 1.3 percent m-o-m.

According to the report, durable goods inventories rose 0.9 percent m-o-m in November, while stocks of nondurable goods fell 12 percent m-o-m.

In y-o-y terms, wholesale inventories declined 2.1 percent in November.