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Business profits rise, boosted by subsidies, but volumes fall

AUSTRALIA DATA
(MNI) LONDON

Chain Volume Estimates

  • The seasonally adjusted estimate for inventories fell 3.0% in the June quarter 2020, the ABS says.
  • The seasonally adjusted estimate for Manufacturing sales of goods and services fell 8.6% this quarter.
  • The seasonally adjusted estimate for Wholesale trade sales of goods and services fell 6.7%.

Current Prices Estimates

  • The seasonally adjusted estimate for company gross operating profits rose 15.0% in the June quarter 2020 and has been impacted by Government subsidies.
  • The seasonally adjusted estimate for wages and salaries fell 3.3%.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Energy BulletsCommodities

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