Australia Q2 Company inventories for Q2: -0.9% q/q (expected 0.3%)

Second quarter 2019 data from Australia, inventory will be an input to the GDP data due Wednesday.

Company inventories for Q2 -0.9% q/q … a big drop indeed. Change that line above to read 'ugly input to GDP'.

• expected 0.3%, prior 0.7%
• for the y/y down 0.3%

Company operating profit for Q2 +4.5% q/q

• expected 2.0%, profit 1.7%