Australia Business Inventories - Forecast

Business Inventories in Australia is expected to be 0.29 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.


Australia Business Inventories
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Australia Business Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 10 9 11 10 9 6
Services PMI 55.2 54.1 53.8 55 53.5 52.2
Manufacturing PMI 58.3 56.5 56.4 57.1 56.2 52
Industrial Production 1.7 1.74 2.05 1.78 2.02 1.88
Industrial Production Mom 0 0.32 0.56 0.59 0.49 0.47
Manufacturing Production 2.4 -0.5 -0.6 0.5 0.3 1
Capacity Utilization 82.45 82.27 82.15 82.03 81.93 81.32
New Orders 31 32.84 33.87 34.44 34.76 35.15
Changes in Inventories 14 333 399 412 437 463
Bankruptcies 645 723 668 607 650 638
Corporate Profits 81045 80040 79762 68900 79829 59900
Total Vehicle Sales 82930 98558 98835 99100 99009 101000
Car Registrations 14079 14200 14200 14200 14260 14350
Leading Economic Index -0.23 0.1 0.2 0.1 0 0.1
Small Business Sentiment 7.92 3.51 3.88 3.6 3.81 3.71
Internet Speed 11063 13287 13737 14067 14383 16567
IP Addresses 9859878 9930375 9945263 9942116 9949235 9953818
Private Investment -0.2 0.41 1.64 0.74 1.4 1.11
Mining Production 1.1 1.1 0.9 1.2 2.98 4
Steel Production 482 450 443 443 444 444
Corruption Index 77 77 77 77 77 77
Corruption Rank 13 12 11 11 11 8
Competitiveness Index 5.19 5.21 5.21 5.21 5.19 5.25
Competitiveness Rank 21 23 21 23 21 25
Composite Pmi 55.3 55.5 55.1 53.9 53.5 56.5
Business Inventories 0.2 0.29 0.5 0.38 0.4 0.4
Ease of Doing Business 14 16 16 16 14 17