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The ABS has just released business indicators data for the September quarter:
Of most importance, inventories declined 1.9% over Q3 (versus expected -0.6% and +0.2% in Q2):
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This came as the Delta strain shut down NSW, Victoria and the ACT.
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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.