ABS Update: profits rise but inventories fall


In the 2018 December quarter, gross company operating profits are up 0.8% from September. This is a growth of 10.5% from the same time in the previous year.

Wages and salaries are also up 0.8% since the last quarter. From the past year, this has risen by 4.1%. Data regarding inventory, on the other hand, has shown a 0.2% drop this quarter, though the trend estimate remains unchanged.

All data presented here has been seasonally adjusted. Changes to valuation methods have had an impact on inventories held by Australian businesses this quarter. No adjustments have been made to the estimates company gross operating profits (CGOP).


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