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).

wholesale inventories
Source: Forex Live