A couple of Australia’s GDP partials are out today and have saved the day regarding Q2 national accounts:
- The trend estimate for inventories fell 0.5% in the June quarter 2014. The seasonally adjusted estimate rose 0.8% this quarter.
- The seasonally adjusted estimate for company gross operating profits fell 6.9% in the June quarter 2014.
- The seasonally adjusted estimate for wages and salaries rose 1.1% in the June quarter 2014.