Australian Q4 2024 Business Inventories +0.1% q/q (expected 0.0%) ...Middle East

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Australian Q4 2024 Business Inventories +0.1% q/q (expected 0.0%)

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.

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