January building approvals (lower) and Q4 inventory and profits data:

Australia data 04 March 2024 2

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.