Australian Q3 Inventories 1.7% q/q (expected 1.0%, prior 0.3%)<p>Q3 company profit data was out also:</p><p>-12.4% q/q (expected -1.5%, prior +7.6%)</p><ul><li>falling commodity prices didn't help</li><li>margins fell</li></ul><p>Wages +2.9%q/q</p><ul><li>prior +3.4%</li></ul><p>The inventory data will feed into Q3 GDP.</p><p>AUD/USD is little changed on the data release, its inched higher to cover the gap left earlier today:</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Australian Q3 Inventories 1.7% q/q (expected 1.0%, prior 0.3%) (https://forexlive.com/news/australian-q3-inventories-17-qq-expected-10-prior-03-20221205/https://forexlive.com/news/australian-q3-inventories-17-qq-expected-10-prior-03-20221205/)
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