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Australian Q1 data: Business Inventories +1.2% q/q (expected +0.5% q/q, prior -0.2%)

Business Inventories +1.2% q/qexpected +0.5% q/q, prior -0.2%inventories will be a 'partial' input into the Q1 GDP data, this +1.2% will be a boost to the resultCorporate profits +0.5% q/q expected +2%, prior +10.6% q/qOther data out were the ANZ-Indeed Australian Job Ads, which bounced back from its recent downward trend+ 0.1% m/m in May (prior -0.3%)-6.1% y/yand +51.9% higher than pre-pandemic levels (February 2020) This article was written by Eamonn Sheridan at www.forexlive... Read More

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Posted: Jun 5 2023, 01:30

Author Name: forexlive

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