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.

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Australia Business Inventories



Calendar GMT Actual Previous Consensus TEForecast
2022-09-05 01:30 AM Q2 0.3% 3.6% 1.6% 1.8%
2022-12-05 12:30 AM Q3 1.7% 0.5% 1.5%
2023-02-27 12:30 AM Q4 1.7% 1.0%


Related Last Previous Unit Reference
Industrial Production Mom 0.40 0.40 percent Sep 2022
Industrial Production 0.49 0.10 percent Sep 2022
Manufacturing Production 0.40 0.00 percent Sep 2022
Changes in Inventories 2666.00 1561.00 AUD Million Sep 2022
Corporate Profits 132184.00 150876.00 AUD Million Sep 2022
Private Investment -0.60 0.00 percent Sep 2022
Mining Production -0.70 -0.90 percent Sep 2022
Business Inventories 1.70 0.50 percent Sep 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
1.70 0.50 3.40 -3.40 1985 - 2022 percent Quarterly
SA

News Stream
Australia Business Inventories Rise 1.7% in Q3
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%).
2022-12-05
Australia Q2 Business Inventories Grow Less than Estimated
Australia's business inventories rose by 0.3 percent qoq in Q2 of 2022, missing market forecasts of 1.6 percent and slowing sharply from an upwardly revised 3.6 percent growth in Q1 which was the steepest pace on record. The latest result marked the softest increase in inventories since a drop in Q3 2021. Inventories at manufacturers rose at a softer rate (2.3 percent vs 4.0 percent in Q1), while there were declines in inventories at miners (-2.1 percent vs -1.7 percent), wholesalers (-0.3 percent vs 3.1 percent), and retailers (-0.1 percent vs 7.1 percent). On the flip side, inventories increased faster at accommodation & food services providers (7.9 percent vs 5.9 percent), amid a rebound in electricity, gas, water & waste service providers (1.7 percent vs -6.4 percent). Through the year to Q2, inventories grew by 4.2 percent, following a 3.9 percent gain in Q1 and pointing to the fifth straight quarter of growth.
2022-09-05
Australia Business Inventories Grow at Record Pace in Q1
Australia's business inventories rose by 3.2 percent quarter-on-quarter in the March quarter of 2022, surpassing market consensus of a 0.1 percent growth and after an upwardly revised 1.5 percent gain in the prior period. The latest reading marked the steepest growth on record, with inventories growing at manufacturers (3.6 percent vs 1.7 percent in Q4), wholesaler (3.0 percent vs 5.1 percent), accommodation & food services providers (6.2 percent vs -1.1 percent), and retailers (7.1 percent vs -2.1 percent). In contrast, inventories dropped further both at miners (-3.5 percent vs -2.1 percent), electricity, gas, water & waste service providers (-6.7 percent vs -5.8 percent). Through the year to the first quarter, inventories grew by 3.0 percent in the first quarter, accelerating from a a 2.2 percent gain in the fourth quarter.
2022-05-31