The U.S. Commerce Department released wholesale inventories on Tuesday. Wholesale inventories in the U.S. rose 0.1% in December, missing expectations for a 0.2% increase, after a 0.8% gain in November.
Inventories of durable goods increased 0.2% in December, while inventories of non-durable goods fell by 0.1%.
Inventories of computers, peripheral equipment, and software climbed by 2.6 percent, while inventories of petroleum and petroleum products dropped by 6.2%.
Wholesale sales declined by 0.4 percent in December, driven by a 1.7% fall in sales of non-durable goods.