Business indicators mixed in Q4

Leith van Onselen

Monday 2 March 2020

Via the ABS comes mixed GDP partials:

Inventories beat analysts expectations of -0.1% and will add to GDP after falling by 0.2% seasonally adjusted in Q3.

However, profits fell hard and missed analysts expectations of a 1.3% decline.

At this stage, Wednesday’s Q4 GDP print is still looking soft given the sharp falls in construction and capex.

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.