-0.5% Revised from -0.4%
Australia Business Inventories q/q measures the total amount of goods (in monetary terms), stored in warehouses of retailers, wholesalers and manufacturers. The indicator rates the change of inventory values in the reported quarter compared to the previous one.
The indicator is calculated based on data collected by the Australian Bureau of Statistics from survey of 15,000 private companies in Australia.
A higher than expected increase in inventories may indicate a slowdown in sales and the economy downturn. On the other hand, a certain level of inventories needs to be kept for a healthy market. Therefore, both higher than expected values and much lower ones are seen as negative for the Australian dollar.