Australia's business inventories were unchanged in the September quarter of 2018, following an upwardly revised 0.7 percent increase in the previous period and missing market expectations of a 0.4 percent gain. A decrease in inventories at miners (-0.9 percent vs 1.8 percent in Q2), manufacturers (-0.4 percent vs 0.4 percent), electricity, gas, water & waste services (-2.4 percent vs 2.8 percent), wholesalers (-0.7 percent vs 0.6 percent), and accommodation & food services (-3.3 percent vs 0.5 percent), was offset by a rise in stocks at retailers (2.3 percent vs 0.8 percent). Through the year to the September quarter, business inventories grew 1.6 percent. Business Inventories in Australia averaged 0.53 percent from 1985 until 2018, 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 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 0.40 in 12 months time. In the long-term, the Australia Business Inventories is projected to trend around 0.40 percent in 2020, according to our econometric models.