Australia's business inventories dropped by 1.2 percent quarter-on-quarter in the three months to March 2020, after a 0.3 percent rise in the prior period and compared with market estimates of a 0.7 percent fall. It was the largest decline in business inventories since the last quarter of 2014, amid the coronavirus pandemic. Inventories decreased at miners (-0.8 percent vs 8.7 percent in Q4 2019), accommodation and food services (-5.4 percent vs 1.6 percent) and wholesale trade (-0.6 percent vs 0.2 percent), and fell further in manufacturing (-2 percent vs -0.8 percent). In addition, inventories grew less at electricity, gas, water & waste services (1.8 percent vs 5.8 percent). Meanwhile, retail trade inventories went down at a softer pace (-1.2 percent vs -1.7 percent). Through the year to the first quarter, business inventories fell by 1.2 percent.

Business Inventories in Australia averaged 0.50 percent from 1985 until 2020, 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. This page provides - Australia Business Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Business Inventories - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Australian Bureau of Statistics

Business Inventories in Australia is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Inventories in Australia to stand at 0.50 in 12 months time. In the long-term, the Australia Business Inventories is projected to trend around 0.50 percent in 2021 and 0.40 percent in 2022, according to our econometric models.

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Australia Business Inventories

Actual Previous Highest Lowest Dates Unit Frequency
-1.20 0.30 2.80 -2.80 1985 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-09-02 01:30 AM Q2 -0.9% 0.8% 0.2% 0.2%
2019-12-02 12:30 AM Q3 -0.4% -1% -0.2% 0.4%
2020-03-02 12:30 AM Q4 0.3% -0.2% -0.1% -0.2%
2020-06-02 01:30 AM Q1 -1.2% 0.3% -0.7% -0.5%
2020-09-02 01:30 AM Q2 -1.2% 0.3%
2020-12-02 12:30 AM Q3 0.3%
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News Stream
Australia Business Inventories Fall the Most in Over 5 Years
Australia's business inventories dropped by 1.2 percent quarter-on-quarter in the three months to March 2020, after a 0.3 percent rise in the prior period and compared with market estimates of a 0.7 percent fall. It was the largest decline in business inventories since the last quarter of 2014, amid the coronavirus pandemic. Inventories decreased at miners (-0.8 percent vs 8.7 percent in Q4 2019), accommodation and food services (-5.4 percent vs 1.6 percent) and wholesale trade (-0.6 percent vs 0.2 percent), and fell further in manufacturing (-2 percent vs -0.8 percent). In addition, inventories grew less at electricity, gas, water & waste services (1.8 percent vs 5.8 percent). Meanwhile, retail trade inventories went down at a softer pace (-1.2 percent vs -1.7 percent). Through the year to the first quarter, business inventories fell by 1.2 percent.
2020-06-02
Australia Business Inventories Unexpectedly Rebound in Q4
Australia's business inventories grew by 0.3 percent quarter-on-quarter in the three months to December 2019, easily beating market estimates of a 0.1 percent fall and after a downwardly revised 0.2 percent fall in the prior month. This was the first rise in business inventories since the first quarter of the year, as backlogs rebounded at electricity, gas, water & waste services providers rebounded (5.3 percent vs -5 percent in Q3); and those in mining increased further (8.5 percent vs 1.1 percent). In contrast, inventories dropped at wholesale trade (-0.3 percent vs 0.3 percent); and accommodation & food services (-1.7 percent vs 4 percent). Also, stocks continued to fall in manufacturing (-0.5 percent, the same as in Q3); and retail (-1.4 percent vs -1.3 percent). Through the year to the fourth quarter of 2019, business inventories fell by 1.3 percent.
2020-03-02
Australia Q3 Business Inventories Fall More than Forecasts
Australia's business inventories declined by 0.4 percent quarter-on-quarter in the three months to September 2019, following an upwardly revised 1 percent fall in the previous period and compared to market expectations of a 0.2 percent decrease. Inventories dropped further at manufacturers (-0.7 percent vs -0.5 percent in Q2); and retailers (-1.8 percent vs -1.1 percent); and fell at electricity, gas, water & waste services providers (-5.3 percent vs 7.5 percent). Meanwhile, inventories rebounded in mining (1.3 percent vs -0.9 percent); wholesale traders (0.1 percent vs -1 percent); and accommodation & food services (3.3 percent vs -2.8 percent). Through the year to the third quarter, business inventories fell by 0.7 percent.
2019-12-02
Australia Business Inventories Fall Unexpectedly in Q2
Australia's business inventories declined by 0.9 percent quarter-on-quarter in the three months to June 2019, after an upwardly revised 0.8 percent rise in the previous period and missing market consensus of a 0.2 percent gain. This was the steepest fall in business stocks since the fourth quarter of 2014, as inventories dropped at miners (-1.5 percent vs 2.1 percent in Q1); manufacturers (-0.3 percent vs 1.6 percent); retailers (-0.9 percent vs 2.2 percent); accommodation and food services providers (-2.3 percent vs -4.2 percent); and wholesale traders (-1.1 percent vs -0.5 percent). Conversely, inventories rebounded sharply at electricity, gas, water & waste services providers (6.0 percent vs -11.8 percent). Through the year to the first quarter, business inventories fell by 0.3 percent.
2019-09-02

Australia Business Inventories
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. .