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. source: Australian Bureau of Statistics
Business Inventories in Australia averaged 0.48 percent from 1985 until 2022, reaching an all time high of 3.20 percent in the first quarter of 2022 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 2022.
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. In the long-term, the Australia Business Inventories is projected to trend around 0.30 percent in 2023 and 0.40 percent in 2024, according to our econometric models.