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The ABS has today released Business Indicators data for the June quarter, with company profits, wages and inventories all rising:
Broad-based rises.
Of the above measures, only inventories feeds directly into GDP for the quarter.
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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.
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