Australia's business inventories dropped by 0.5 percent quarter-on-quarter in the three months to September 2020, following a downwardly revised record 2.9 percent drop in the previous month and compared with market estimates of a 0.7 percent decline. Inventories decreased less in wholesale trade (-2.2 percent vs -2.4 percent in Q2), while rebounded in manufacturing (1.6 percent vs -0.2 percent); and accommodation & food services (15.4 percent vs -10.9 percent). In contrast, inventories fell further in the mining industry (-1.8 percent vs -0.3 percent); and electricity, gas, water & waste services (-3.6 percent vs -0.8 percent). Also, retail trade inventories were flat, after an 8.2 percent fall in the June quarter. Through the year to the third quarter, business inventories went down by 4.6 percent. source: Australian Bureau of Statistics
Business Inventories in Australia averaged 0.46 percent from 1985 until 2020, reaching an all time high of 2.80 percent in the first quarter of 1999 and a record low of -2.90 percent in the second quarter of 2020. This page provides - Australia Business Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Business Inventories - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Business Inventories in Australia is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Inventories in Australia to stand at 0.40 in 12 months time. In the long-term, the Australia Business Inventories is projected to trend around 0.50 percent in 2021 and 0.40 percent in 2022, according to our econometric models.