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Decline in inventories negative for Q3 GDP

November 29, 2021 - 11:44 -- Admin

The ABS has just released business indicators data for the September quarter: Of most importance, inventories declined 1.9% over Q3 (versus expected -0.6% and +0.2% in Q2): This came as the Delta strain shut down NSW, Victoria and the ACT. Elsewhere, rising company profits on the back of stimulus was largely offset by falling wages

The post Decline in inventories negative for Q3 GDP appeared first on MacroBusiness.

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