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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Business Inventories QoQ fell to -0.2% in Q2 2026
FMPMonthlyReleased August 2026
Australia Business Inventories QoQ fell to -0.2% in Q2 2026, released August 2026, down 0.9% from March's 0.7% reading. The reading missed the 0.7% consensus by 0.9%. The print is running well below the 12-month average of -0.12%. Business Inventories QoQ is now the lowest in 6 months.
Latest Release
-0.2
Actual
0.7
Consensus
0.7
Previous
Median Absolute Error
±0.7 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 1.05
Actual: -0.2
Error: +1.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Moves with | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Business Inventories QoQ (Australia) was reported at -0.2% in August 2026. This missed the market consensus of 0.7% by 0.9%. The reading fell from the previous value of 0.7%. Trailing 12-month context per ETL data through August 2026.
WHY IT MATTERS
The trailing three releases averaged 0.07%, up from the prior three at 0%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.7%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CFTC AUD speculative net positions (Sep 18) and RBA Hunter Speech (Sep 21).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Business Inventories QoQ - AU
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About Business Inventories QoQ — Australia
DEFINITION
Business Inventories QoQ (Quarter over Quarter) is a financial indicator that measures the change in the total value of goods and materials held in inventory by businesses over a specific quarter. This indicator provides valuable insight into the health of the economy by showing the level of production and demand for goods. A positive change in business inventories QoQ may indicate a strong economy, while a negative change may suggest a slowdown in economic activity. This data is closely monitored by investors, analysts, and policymakers to make informed decisions about the state of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual -0.2 %, consensus 0.7 %. Prior reading (Jan 2026): 0.5 %. Before that (Oct 2025): -0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - AU Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:00 | AU | Westpac Leading Index MoM | 0 | 0.2 | 0.25 | Low | |
| 01:00 | AU | Leading Index MoM | 0 | 0.2 | 0.20 | Low | |