Australia's business inventories declined by 0.4 percent quarter-on-quarter in the three months to September 2019, following an upwardly revised 1 percent fall in the previous period and compared to market expectations of a 0.2 percent decrease. Inventories dropped further at manufacturers (-0.7 percent vs -0.5 percent in Q2); and retailers (-1.8 percent vs -1.1 percent); and fell at electricity, gas, water & waste services providers (-5.3 percent vs 7.5 percent). Meanwhile, inventories rebounded in mining (1.3 percent vs -0.9 percent); wholesale traders (0.1 percent vs -1 percent); and accommodation & food services (3.3 percent vs -2.8 percent). Through the year to the third quarter, business inventories fell by 0.7 percent.

Business Inventories in Australia averaged 0.51 percent from 1985 until 2019, reaching an all time high of 2.80 percent in the first quarter of 1999 and a record low of -2.80 percent in the third quarter of 1986. This page provides - Australia Business Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Australian Bureau of Statistics

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 0.30 in 12 months time. In the long-term, the Australia Business Inventories is projected to trend around 0.40 percent in 2020, according to our econometric models.

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Australia Business Inventories

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -1.00 2.80 -2.80 1985 - 2019 percent Quarterly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-03-04 12:30 AM Q4 -0.2% -0.1% 0.4% 0.3%
2019-06-03 01:30 AM Q1 0.7% 0.0% 0% 0.1%
2019-09-02 01:30 AM Q2 -0.9% 0.8% 0.2% 0.2%
2019-12-02 12:30 AM Q3 -0.4% -1% -0.2% 0.4%
2020-03-02 12:30 AM Q4 -0.4% 0.5%


News Stream
2019-09-02
Australia Business Inventories Fall Unexpectedly in Q2
Australia's business inventories declined by 0.9 percent quarter-on-quarter in the three months to June 2019, after an upwardly revised 0.8 percent rise in the previous period and missing market consensus of a 0.2 percent gain. This was the steepest fall in business stocks since the fourth quarter of 2014, as inventories dropped at miners (-1.5 percent vs 2.1 percent in Q1); manufacturers (-0.3 percent vs 1.6 percent); retailers (-0.9 percent vs 2.2 percent); accommodation and food services providers (-2.3 percent vs -4.2 percent); and wholesale traders (-1.1 percent vs -0.5 percent). Conversely, inventories rebounded sharply at electricity, gas, water & waste services providers (6.0 percent vs -11.8 percent). Through the year to the first quarter, business inventories fell by 0.3 percent.

2019-06-03
Australia Q1 Business Inventories Rebound
Australia's business inventories rose by 0.7 percent quarter-on-quarter in the three months to March 2019, after an upwardly revised flat reading in the previous period. The latest reading compares with market estimates of no growth. Stocks increased in mining (2.3 percent vs -2.2 percent in Q4); manufacturing (1.4 percent vs -0.4 percent); and retailing (1.9 percent vs 0.7 percent). Meanwhile, inventories fell at electricity, gas, water & waste services providers (-11.5 percent vs 0.6 percent); accommodation and food services providers (-3.2 percent vs 9.3 percent), and wholesale traders (-0.6 percent vs 0.1 percent). Through the year to the first quarter, business inventories rose by 1.4 percent.

2019-03-04
Australia Q4 Business Inventories Fall Unexpectedly
Australia's business inventories unexpectedly dropped by 0.2 percent in the fourth quarter of 2018, following a revised 0.1 percent fall in the previous period and missing market consensus of a 0.4 percent rise. There were decreases in stocks at miners (-2.8 percent vs -1.2 percent in Q3); manufacturers (-0.8 percent vs 0.1 percent); and electricity, gas, water & waste services providers (-0.5 percent vs -1.9 percent). In contrast, inventories increased at wholesale traders (0.4 percent vs -0.8 percent); retailers (0.4 percent vs 1.8 percent); and accommodation and food services providers (6.9 percent vs -4.1 percent). Through the year to the fourth quarter, business inventories were up 1.0 percent.


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. .