Australia data - Q3 company profits: +1.3% q/q (+1.1% expected)

Australian Q3 company operating profit & Company inventories

Company operating profit for Q3, +1.3% q/q

• expected +1.1%
• prior was -1.9%

Company inventories for Q3 (sa) +0.1% q/q

• expected flat at 0.0%
• prior was flat also

more to come on this, but at first glance these are better numbers for the economy and should be an AUD positive.