Business Inventories (Q1) +3.2%
- vs. expected 1.0%
- prior 1.1%
This will feed into the GDP figure (due tomorrow) and is a big boost.
On the other hand ... Net Exports contribution (Q1) -1.7%
- expected -1.4%, prior -0.2%
- will detract
Australian GDP data is due Wednesday, June 1 at 0130 GMT. The big inver=tory number should ensure a solid p[osirive result.
