Business Indicators, Australia, December 2024 from the Australian Bureau of Statistics
Company Operating Profit +5.9% q/q
- expected +1.8%, prior –4.6%
Inventories +0.1%
- expected 0.0%; prior –0.9%
While only at +0.1% q/q the inventory number feeds a better than expected data point into Q4 GDP (due for release Wednesday).
This article was written by Eamonn Sheridan at www.forexlive.com.
