Business inventories in Australia increased by 0.3 percent quarter-on-quarter in the three months to December of 2016, following an upwardly revised 0.9 percent rise in the September quarter and below market expectations of a 0.5 percent gain. It was the third straight quarter of increase but the weakest since the March quarter 2016. Inventories rose at a slower pace for: wholesale trade (2.5 percent from 2.9 percent in Q3) while went up more than in the prior quarter for retail trade (1.2 percent from 1.1 percent). In contrast, inventories dropped for: mining (-5.0 percent from -1.3 percent), manufacturing (-1.1 percent from -1.0 percent); electricity, gas, water and waste services (-0.7 percent from -4.0 percent) and accommodation and food (-10.2 percent from -0.2 percent). Through the year to the December quarter, business inventories rose 1.6 percent. Business Inventories in Australia averaged 0.54 percent from 1985 until 2016, reaching an all time high of 2.80 percent in the first quarter of 1999 and a record low of -2.80 percent in the third quarter of 1986. 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.
. This page provides – Australia Business Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news.
June 05, 2017 at 06:49AM
from Australian Bureau of Statistics
No comments:
Post a Comment