Australia's business inventories rose by 0.2 percent quarter-on-quarter in the second quarter of 2021, missing market estimates of 1.3 percent and much softer than an upwardly revised 2.4 percent gain in the March quarter. Inventories slowed sharply at retailers (0.6 percent vs 7 percent in Q1), while fell at both manufacturers (-0.1 percent vs -0.1 percent) and wholesalers (-0.7 percent vs 4 percent). In contrast, inventories picked up at accommodation and food service providers (10.5 percent vs 3.7 percent), amid a rebound at both miners (1.9 percent vs -5.2 percent), and electricity, gas, water & waste service providers (4.2 percent vs -1 percent). Through the year to June quarter, inventories increased 2.4 percent, rising for the first time in nine quarters, after a 0.7 percent fall in the prior quarter. source: Australian Bureau of Statistics
Business Inventories in Australia averaged 0.47 percent from 1985 until 2021, reaching an all time high of 2.90 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. Australia Business Inventories - data, historical chart, forecasts and calendar of releases - was last updated on November 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. 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.