Australia's business inventories dropped by 3 percent quarter-on-quarter in the three months to June 2020, after an upwardly revised 1.4 percent fall in the prior period and compared with market estimates of a 1 percent decline. It was the largest decrease in business inventories since the series began in 1985, amid the coronavirus pandemic. Inventories declined at accommodation and food services (-11.6 percent vs -5.5 percent in Q1), wholesale trade (-2.3 percent vs -0.9 percent), electricity, gas, water & waste services (-3.2 percent vs 1.2 percent), manufacturing (-0.9 percent vs -2.0 percent) and retail trade inventories (-7.8 percent vs -1.8 percent). Meanwhile, mining inventories rebounded (0.2 percent vs -0.9 percent in Q4 2019). Through the year to the first quarter, business inventories fell by 4.7 percent. source: Australian Bureau of Statistics
Business Inventories in Australia averaged 0.47 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 -3 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 October of 2020.
Business Inventories in Australia is expected to be 0.30 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 0.50 percent in 2021 and 0.40 percent in 2022, according to our econometric models.