Australia Company inventories for Q2: 0.6% q/q (vs. expected 0.2%)

Data for the second quarter (April to June) from Australia, the inventory numbers goes into GDP

Company operating profit for Q2 2.0% q/q for a beat

• expected 1.3% q/q, prior was 5.9%

Company inventories for Q2 (sa) 0.6% q/q a big beat and will give a boost to the GDP number later this week

• expected 0.2% q/q change, prior was 0.7%

ps. GDP data for Australia in Q2 is due Wednesday this week (Sep 5)

For background to this (check these out re inventory into GDP)