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.

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Australia Business Inventories

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -0.30 2.80 -2.90 1985 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-02 01:30 AM Q1 -1.2% 0.3% -0.7% -0.5%
2020-08-31 01:30 AM Q2 -3% -1.4% -1% -0.6%
2020-11-30 12:30 AM Q3 -0.5% -2.9% -0.7% -0.5%
2021-03-01 12:30 AM Q4 0.0% -0.3% 0.2% 0.2%
2021-06-02 01:30 AM Q1 0.0% 0.3%
2021-08-31 01:30 AM Q2
2021-11-30 12:30 AM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Australia Business Inventories Unchanged in Q4
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.
2021-03-01
Australia Business Inventories Fall Less than Expected
Australia's business inventories dropped by 0.5 percent quarter-on-quarter in the three months to September 2020, following a downwardly revised record 2.9 percent drop in the previous month and compared with market estimates of a 0.7 percent decline. Inventories decreased less in wholesale trade (-2.2 percent vs -2.4 percent in Q2), while rebounded in manufacturing (1.6 percent vs -0.2 percent); and accommodation & food services (15.4 percent vs -10.9 percent). In contrast, inventories fell further in the mining industry (-1.8 percent vs -0.3 percent); and electricity, gas, water & waste services (-3.6 percent vs -0.8 percent). Also, retail trade inventories were flat, after an 8.2 percent fall in the June quarter. Through the year to the third quarter, business inventories went down by 4.6 percent.
2020-11-30
Australia Q2 Business Inventories Fall at Record Pace
Australia's business inventories dropped by 3 percent quarter-on-quarter in the three months to June 2020, after an upwardly revised 1.4 percent fall in the prior period and compared with market estimates of a 1 percent decline. It was the largest decrease in business inventories since the series began in 1985, amid the coronavirus pandemic. Inventories declined at accommodation and food services (-11.6 percent vs -5.5 percent in Q1), wholesale trade (-2.3 percent vs -0.9 percent), electricity, gas, water & waste services (-3.2 percent vs 1.2 percent), manufacturing (-0.9 percent vs -2.0 percent) and retail trade inventories (-7.8 percent vs -1.8 percent). Meanwhile, mining inventories rebounded (0.2 percent vs -0.9 percent in Q4 2019). Through the year to the first quarter, business inventories fell by 4.7 percent.
2020-08-31
Australia Business Inventories Fall the Most in Over 5 Years
Australia's business inventories dropped by 1.2 percent quarter-on-quarter in the three months to March 2020, after a 0.3 percent rise in the prior period and compared with market estimates of a 0.7 percent fall. It was the largest decline in business inventories since the last quarter of 2014, amid the coronavirus pandemic. Inventories decreased at miners (-0.8 percent vs 8.7 percent in Q4 2019), accommodation and food services (-5.4 percent vs 1.6 percent) and wholesale trade (-0.6 percent vs 0.2 percent), and fell further in manufacturing (-2 percent vs -0.8 percent). In addition, inventories grew less at electricity, gas, water & waste services (1.8 percent vs 5.8 percent). Meanwhile, retail trade inventories went down at a softer pace (-1.2 percent vs -1.7 percent). Through the year to the first quarter, business inventories fell by 1.2 percent.
2020-06-02

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. .