October to December 2018 quarter data
Inventories -0.2% q/q for a miss … will subtract from Q4 GDP
- expected 0.3%, prior 0.0%
Company operating profits 0.8% q/q … also a miss
- expected 3.0%, prior 1.9%
Data so far today:
Australia - ANZ job ads for February: -0.7% m/m (prior -1.8%)
- not a plus …
Australia monthly inflation indicator, headline 0.1% m/m (prior -0.1%) and 1.7% y/y (1.5%) ... 'Trimmed mean' (a core inflation measure): - 0.0% m/m (prior -0.1%) - 1.6% y/y (prior 1.4%)
- The RBA target band for inflation is 2 - 3% y/y, still below
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for background to this:
