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The December fall was revised from a previously reported decline of 0.6percentt.
First-quarter growth was revised to 0.4percentt from a previously reported gain of 0.5percentt.
The November drop was revised from a previously reported 0.2percentt decline.
Analysts had expected a 0.4percentt increase in inventories after a previously reported gain of 0.2percentt in September.
Analysts had expected a deficit of $106 billion after a previously reported shortfall of $109.6 billion in the first quarter.
Analysts had expected a 0.2percentt decline in import prices after a previously reported drop of 1.6percentt in March.
Analysts had expected a 0.2percentt decrease in import prices after a previously reported 1.6percentt drop in July.
Analysts had expected housing starts to fall from a previously reported rate of 1.678 million units in January.
Orders excluding transportation equipment were expected to rise 1.1percentt after a previously reported decline of 0.6percentt in August.
Economists had expected a 1 percent decline after a previously reported 2.8 percent decline.
The approach is illustrated with a previously reported case study.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com