Australia's business inventories rose by 2.1 percent quarter-on-quarter in the first quarter of 2021, far above market estimates of a 0.2 percent gain and after a revised 0.1 percent fall in the fourth quarter, pointing to the fastest gain since the September quarter of 2007. Inventories rebounded at both retailers (6.6 percent vs -0.9 percent in Q4), and accommodation and food service providers (2.6 percent vs -12.7 percent), while rose further at wholesalers (3.9 percent vs 4.4 percent). In contrast, inventories continued to fall at miners (-5.3 percent vs -3.4 percent), manufacturers (-0.4 percent vs -3.1 percent), and electricity, gas, water & waste service providers (-1.3 percent vs -2.5 percent). Through the year to March quarter, inventories fell 0.9 percent. source: Australian Bureau of Statistics

Business Inventories in Australia averaged 0.47 percent from 1985 until 2021, 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 June of 2021.

Business Inventories in Australia is expected to be 0.50 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 2022 and 0.40 percent in 2023, according to our econometric models.

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Australia Business Inventories

Actual Previous Highest Lowest Dates Unit Frequency
2.10 -0.10 2.80 -2.90 1985 - 2021 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-31 01:30 AM Q2 -3% -1.4% -1% -0.6%
2020-11-30 12:30 AM Q3 -0.5% -2.9% -0.7% -0.5%
2021-03-01 12:30 AM Q4 0.0% -0.3% 0.2% 0.2%
2021-06-01 01:30 AM Q1 2.1% -0.1% 0.2% 0.3%
2021-08-31 01:30 AM Q2 2.1%
2021-11-30 12:30 AM Q3
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News Stream
Australia Q1 Business Inventories Rise the Most Since 2007
Australia's business inventories rose by 2.1 percent quarter-on-quarter in the first quarter of 2021, far above market estimates of a 0.2 percent gain and after a revised 0.1 percent fall in the fourth quarter, pointing to the fastest gain since the September quarter of 2007. Inventories rebounded at both retailers (6.6 percent vs -0.9 percent in Q4), and accommodation and food service providers (2.6 percent vs -12.7 percent), while rose further at wholesalers (3.9 percent vs 4.4 percent). In contrast, inventories continued to fall at miners (-5.3 percent vs -3.4 percent), manufacturers (-0.4 percent vs -3.1 percent), and electricity, gas, water & waste service providers (-1.3 percent vs -2.5 percent). Through the year to March quarter, inventories fell 0.9 percent.
2021-06-01
Australia Business Inventories Unchanged in Q4
Australia's business inventories were unchanged in the October-December 2020 period, following a downwardly revised 0.3 percent drop in the previous quarter and missing market expectations of a 0.2 percent rise. Inventories were up at wholesalers (5.0 percent vs -1.7 percent in Q3), but declined at miners (-2.9 percent vs -1.3 percent), manufacturers (-3.2 percent vs 1.9 percent), electricity, gas, water & waste service providers (-2.9 percent vs -3.2 percent), retailers (-1.4 percent vs -0.2 percent), and accommodation and food service providers (-12.1 percent vs 12.5 percent). Through the year to the fourth quarter, business inventories fell by 4.6 percent.
2021-03-01
Australia Business Inventories Fall Less than Expected
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.
2020-11-30
Australia Q2 Business Inventories Fall at Record Pace
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.
2020-08-31

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. .