Australia's business inventories unexpectedly dropped by 0.2 percent in the fourth quarter of 2018, following a revised 0.1 percent fall in the previous period and missing market consensus of a 0.4 percent rise. There were decreases in stocks at miners (-2.8 percent vs -1.2 percent in Q3); manufacturers (-0.8 percent vs 0.1 percent); and electricity, gas, water & waste services providers (-0.5 percent vs -1.9 percent). In contrast, inventories increased at wholesale traders (0.4 percent vs -0.8 percent); retailers (0.4 percent vs 1.8 percent); and accommodation and food services providers (6.9 percent vs -4.1 percent). Through the year to the fourth quarter, business inventories were up 1.0 percent. Business Inventories in Australia averaged 0.53 percent from 1985 until 2018, reaching an all time high of 2.80 percent in the first quarter of 1999 and a record low of -2.80 percent in the third quarter of 1986.

Business Inventories in Australia is expected to be 0.60 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 0.50 in 12 months time. In the long-term, the Australia Business Inventories is projected to trend around 0.40 percent in 2020, according to our econometric models.

Australia Business Inventories
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-04 01:30 AM Business Inventories QoQ 0.7% 0.2% 0.1% 0.3%
2018-09-03 01:30 AM Business Inventories QoQ 0.6% 0.8% 0.3% 0.2%
2018-12-03 12:30 AM Business Inventories QoQ 0% 0.7% 0.4% 0.5%
2019-03-04 12:30 AM Business Inventories QoQ -0.2% -0.1% 0.4% 0.3%
2019-06-03 01:30 AM Business Inventories QoQ -0.2% 0.6%
2019-09-02 01:30 AM Business Inventories QoQ 0.2%
2019-12-02 12:30 AM Business Inventories QoQ 0.4%


Australia Business Last Previous Highest Lowest Unit
Business Confidence 0.00 2.00 21.00 -30.00 Index Points [+]
Manufacturing PMI 51.00 54.00 62.50 29.47 [+]
Services PMI 44.80 44.50 63.00 32.50 Index Points [+]
Industrial Production 2.80 4.30 12.60 -7.60 percent [+]
Industrial Production Mom -0.80 0.70 5.10 -7.00 percent [+]
Manufacturing Production -0.70 2.10 8.60 -11.80 percent [+]
Capacity Utilization 80.97 80.87 84.62 78.24 percent [+]
New Orders 34.00 31.00 49.00 -37.00 Index Points [+]
Changes in Inventories 685.00 -9.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 629.00 470.00 1123.00 217.00 Companies [+]
Corporate Profits 90060.00 89305.00 90060.00 12032.00 AUD Million [+]
Total Vehicle Sales 87528.00 93860.00 130300.00 48099.00 [+]
Car Registrations 14078.61 13815.11 14078.61 3990.94 Thousand [+]
Leading Economic Index 0.20 0.00 0.54 -1.10 percent [+]
Small Business Sentiment -1.12 -4.01 18.71 -21.10 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Private Investment 2.00 0.00 15.60 -8.60 percent [+]
Mining Production 6.10 6.30 25.20 -16.90 percent [+]
Steel Production 385.17 467.88 819.00 238.00 Thousand Tonnes [+]
Corruption Index 77.00 77.00 88.60 77.00 Points [+]
Corruption Rank 13.00 13.00 13.00 7.00 [+]
Competitiveness Index 78.85 78.17 78.85 5.08 Points [+]
Competitiveness Rank 14.00 15.00 22.00 14.00 [+]
Composite Pmi 50.60 49.50 58.30 49.10 Index Points [+]
Business Inventories -0.20 -0.10 2.80 -2.80 percent [+]
Ease of Doing Business 18.00 14.00 18.00 9.00 [+]


Australia Business Inventories

Business Inventories in Australia measure the quarterly percentage changes in inventories from manufacturers, retailers, and wholesalers. Inventories are a key component of gross domestic product. . This page provides - Australia Business Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Business Inventories - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -0.10 2.80 -2.80 1985 - 2018 percent Quarterly
SA




Country Last Previous
Australia -0.20 Dec/18
United States 0.30 Feb/19


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