Australian Data Report: Building Approvals Weaker Than Expected, Inventories Drop in Q4
Monday, 4 March 2024, 00:37
Australian Data Report: Building Approvals Miss Expectations, Inventories Decline
January building approvals and Q4 inventory and profits data:Company profits have surged, firms have taken advantage of the high inflation narrative to gouge. If you are the shareholder of a firm that hasn't reaped huge profits you'll be wanting to fire the board. That inventories number is a worry for the GDP report due this week (Wednesday Australia time), it'll lop around 1% off economic growth in Q4.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.