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Australia Q3 Inventories +0.8% Q/Q

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The value of inventories in Australia was up 0.8 percent in the third quarter of 2009 compared to the previous three months, the Australian Bureau of Statistics said on Monday, standing at a seasonally adjusted A$134.91 billion.

Analysts had expected the value of inventories to fall 1 percent on quarter after the 3.4 percent quarterly decline in the previous three months.

In addition, company's profits were down 2.1 percent compared to the second quarter.

(Market News Provided by RTTNews)

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