Australia's business inventories increased in seasonally-adjusted terms by 1.2% QoQ in the first quarter of 2023, beating market forecasts of a 0.5% gain, and following an upwardly revised 0.3% rise in the previous quarter. By industry, business inventories grew in mining (5.0 vs -0.2%), retail trade (0.9 vs -1.8%), wholesale trade (2.9% vs 1.3%), and accommodation & services (5.7 vs 1.6%%). By contrast, business inventories shrank for manufacturing (-0.7% vs 0.7%), electricity, gas, water & waste services (-2.8% vs 7.2%). Through the year to March, business inventories grew by 4.1%, much softer than a 7.6% gain in Q4. source: Australian Bureau of Statistics

Business Inventories in Australia averaged 0.50 percent from 1985 until 2023, reaching an all time high of 3.00 percent in the first quarter of 2022 and a record low of -3.20 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 August of 2023.

Business Inventories in Australia is expected to be -1.40 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 -2.00 percent in 2024 and 0.80 percent in 2025, according to our econometric models.

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Australia Business Inventories



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-02-27 12:30 AM Q4 -0.2% 1.7% -0.2% -0.3%
2023-06-05 01:30 AM Q1 1.2% 0.3% 0.5% 0.5%
2023-09-04 01:30 AM Q2 1.2% -1.4%


Related Last Previous Unit Reference
Industrial Production Mom 0.70 0.80 percent Mar 2023
Industrial Production 2.70 1.66 percent Mar 2023
Manufacturing Production -1.11 -3.29 percent Mar 2023
Changes in Inventories 2417.00 2360.00 AUD Million Mar 2023
Corporate Profits 150402.00 149661.00 AUD Million Mar 2023
Private Investment 2.80 3.70 percent Jun 2023
Mining Production 5.71 4.88 percent Mar 2023
Business Inventories 1.20 0.30 percent Mar 2023

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. .
Actual Previous Highest Lowest Dates Unit Frequency
1.20 0.30 3.00 -3.20 1985 - 2023 percent Quarterly
SA

News Stream
Australia Q1 Business Inventories Rise More than Expected
Australia's business inventories increased in seasonally-adjusted terms by 1.2% QoQ in the first quarter of 2023, beating market forecasts of a 0.5% gain, and following an upwardly revised 0.3% rise in the previous quarter. By industry, business inventories grew in mining (5.0 vs -0.2%), retail trade (0.9 vs -1.8%), wholesale trade (2.9% vs 1.3%), and accommodation & services (5.7 vs 1.6%%). By contrast, business inventories shrank for manufacturing (-0.7% vs 0.7%), electricity, gas, water & waste services (-2.8% vs 7.2%). Through the year to March, business inventories grew by 4.1%, much softer than a 7.6% gain in Q4.
2023-06-05
Australia Business Inventories Fall 0.2% in Q4
Australia's business inventories decreased in seasonally-adjusted terms by 0.2% QoQ in the fourth quarter of 2022, snapping four straight quarters of growth and reversing from a 1.7% rise in the third quarter. By industry, business inventories fell in mining (-1.6%), retail trade (-3.4%) and accommodation & services (-2.2%).
2023-02-27
Australia Business Inventories Rise 1.7% in Q3
Australia's business inventories increased in seasonally-adjusted terms by 1.7% QoQ in the third quarter, accelerating from an upwardly revised 0.5% rise in the second quarter. Business inventories rose in mining (10.7%), accommodation & food services (4.6%), retail trade (4.4%), electricity, gas, water & waste services (3.3%) and manufacturing (0.1%). Meanwhile, business inventories declined in wholesale trade (-1.3%).
2022-12-05