Australia's business inventories increased in seasonally-adjusted terms by 1.7% QoQ in the third quarter, accelerating from an upwardly revised 0.5% rise in the second quarter. Business inventories rose in mining (10.7%), accommodation & food services (4.6%), retail trade (4.4%), electricity, gas, water & waste services (3.3%) and manufacturing (0.1%). Meanwhile, business inventories declined in wholesale trade (-1.3%). source: Australian Bureau of Statistics
Business Inventories in Australia averaged 0.50 percent from 1985 until 2022, reaching an all time high of 3.40 percent in the first quarter of 2022 and a record low of -3.40 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 2023.
Business Inventories in Australia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Business Inventories is projected to trend around -2.00 percent in 2024 and 0.80 percent in 2025, according to our econometric models.