Australian Q3 business inventories -0.9% q/q (expected 0%)

  • The negative result for inventories will take away from Q3 GDP
TradeCompass: Australian Dollar futures analysis for today

Australian Q3 business inventories -0.9% q/q, a bad miss

  • expected 0%, prior +0.1%

Company profits -1.3%q/q, ditto on the abd miss

  • expected +1.7%, prior -2.6%

Wages +1.5%q/q and sales +0.5%q/q) were better.

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Separately, ANZ-Indeed Australian job ads index -0.8% m/m for its fifth consecutive monthly decline in November

  • -6.3% y/y

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