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.