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. source: Australian Bureau of Statistics
Business Inventories in Australia averaged 0.46 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 -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 May 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.