Australian Q3 business inventories -0.9% q/q, a bad miss
- expected 0%, prior +0.1%
Company profits -1.3%q/q, ditto on the abd miss
- expected +1.7%, prior -2.6%
Wages +1.5%q/q and sales +0.5%q/q) were better.
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Separately, ANZ-Indeed Australian job ads index -0.8% m/m for its fifth consecutive monthly decline in November
- -6.3% y/y
This article was written by Eamonn Sheridan at investinglive.com.