Business inventories decreased 0.2% in December, the first decline in three months as economists had expected an increase, while sales were up 0.9%, the Commerce Department reported Friday.
Inventories had increased in November and October following 13 consecutive monthly declines. In November, inventories rose 0.5%, while sales soared 2.4%.
Economists expected inventories to rise 0.3% for the month, according to the median estimate from Thomson Reuters.