Business indicators slight GDP positive

From the ABS comes Business Indicators for the March quarter: MARCH KEY FIGURES

Dec Qtr 14 to Mar Qtr 15
Mar Qtr 14 to Mar Qtr 15
%
%

Sales of goods and services (Chain volume measures)
Manufacturing
Trend
-1.7
-4.2
Seasonally Adjusted
-4.1
-5.1
Wholesale trade
Trend
0.7
2.2
Seasonally Adjusted
1.9
3.3
Inventories (Chain volume measures)
Trend
0.0
0.7
Seasonally Adjusted
0.4
1.5
Company gross operating profits
Trend
0.2
-5.5
Seasonally Adjusted
0.2
-7.5
Wages and salaries
Seasonally Adjusted
-0.1
1.4

Weak wages and muted profits will weigh but inventories lifted 0.3 points above expectations lending a little support to Wednesday’s GDP number.

Macrobusiness

MacroBusiness