Australia Q3 inventories data due at 0030 GMT - run down of stock will subtract from Q3 GDP

Australia Inventories for Q3, expected -0.6% q/q, prior 0.2%.

Inventories are an input to the GDP numbers. The run-down of stocks over the third quarter due to Delta lockdown impacts, as you see above, expected at -0.6% q/q will subtract from the GDP result. 

Most traders are looking through Q3 data, ahead to the expected bounce back in Australia's economy in Q4. 

November 29, 2021 at 11:29AM
Eamonn Sheridan
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