Australian business inventories +0.1% q/q, rundown cited along with the possibility of higher demand
- expected +0.2%, prior +0.8%
- this will feed into Q2 GDP data … but at +0.1% not by very much
Company Profits Pre-Tax +2.1% q/q
- prior +0.7%
Gross Operating Profits -2.4% q/q
- expected +1.0%, prior -0.5%
AUD is around its session low circa 0.6540,
This article was written by Eamonn Sheridan at investinglive.com.
