Company gross operating profits dipped a seasonally adjusted 0.2 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Monday.
That missed forecasts for an increase of 0.1 percent following the 3.3 percent decline in the three months prior.
Inventories were up 0.2 percent on quarter, beating forecasts for a flat reading after sinking 0.5 percent in Q2.
On a yearly basis, company profits jumped 20.0 percent, while inventories added 1.1 percent.
Wages and salaries were up 1.1 percent on quarter and 2.5 percent on year.
Sales of manufacturing goods and services were up 2.0 percent on quarter and 1.5 percent on year, while wholesale trade added 0.7 percent on quarter and 2.3 percent on year.
Also on Monday, the latest forecast from TD Securities and the Melbourne Institute showed that consumer prices in Australia are predicted to rise 0.2 percent on month in November. That follows the 0.3 percent increase predicted for October.
On a yearly basis, consumer prices are called higher by 2.7 percent in November - up slightly from 2.6 percent in October.
Also, ANZ Bank noted that job ads were up 1.5 percent on month in November, unchanged from the October reading.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.