Australia Business Inventories

Australia's business inventories edged up 0.1% qoq in Q4 of 2024, compared with market estimates of a flat reading. The latest result followed a downwardly revised 0.7% decline in Q3. Inventories grew at miners (0.6% vs -2.3% in Q3), retailers (0.5% vs -0.9%), accommodation & food services providers (1.0% vs -4.0%), wholesalers (0.2% vs -0.1%), and electricity providers (2.0% vs -2.0%). On the other hand, inventories fell further at manufacturers (-0.6% vs -0.4%). Through the year to December, business inventories expanded by 1.3%, picking up from an upwardly revised 0.2% gain in the previous period.