Inventories in the Australian business cycle
E22 - Investment ; Capital ; Intangible Capital ; Capacity | Inventories; Business cycles | E32 - Business Fluctuations ; Cycles
This Economics Research Note examines inventories in the business cycle for Australia covering the period since the mid 1980s. The Australian Bureau of Statistics (ABS) defines inventories as all materials etc., work in progress and finished goods owned by a business, whether held at locations of the business or elsewhere. These items are usually held by businesses in anticipation of a product’s
sale. Inventory investment is counted as an additional contribution to gross domestic product (GDP).