Q3 company profit data was out also:

-12.4% q/q (expected -1.5%, prior +7.6%)

  • falling commodity prices didn't help
  • margins fell

Wages +2.9%q/q

  • prior +3.4%

The inventory data will feed into Q3 GDP.

AUD/USD is little changed on the data release, its inched higher to cover the gap left earlier today:

audusd gap fill 05 December 2022