Break out the red pens, from the ABS comes Business Indicators for the December quarter with key inputs into GDP Wednesday:
DECEMBER KEY FIGURES
 | | |
Sep Qtr 15 to Dec Qtr 15 |
Dec Qtr 14 to Dec Qtr 15 |
| | |
% |
% |
|
| ||||
| Sales of goods and services (Chain volume measures) | | | ||
| Manufacturing | | | |
| | Trend |
-1.1 |
-7.9 |
| | Seasonally Adjusted |
-2.0 |
-8.4 |
| Wholesale trade | | | |
| | Trend |
0.5 |
1.9 |
| | Seasonally Adjusted |
1.6 |
3.0 |
| Inventories (Chain volume measures) | | | ||
| Trend |
-0.1 |
0.0 | |
| Seasonally Adjusted |
-0.4 |
0.2 | |
| Company gross operating profits | | | ||
| Trend |
-0.6 |
-0.8 | |
| Seasonally Adjusted |
-2.8 |
-2.3 | |
| Wages and salaries | | | ||
| Seasonally Adjusted |
0.5 |
2.8 | |
|
| ||||
Inventories, profits and wages all missed expectations. With a weak contribution from net exports, falling business investment, flat consumption and falling inventories, it will over to public spending to save the print.
At this point we’re flirting with a negative number.
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