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Sunday, September 3, 2017

Australia data - Q2 Inventories: -0.4% q/q (expected 0.3%)

The inventory number is a direct input to the GDP figure (due September 6; I posted an early last week) bank preview here Inventories -0.4% q/q for a huge miss and not a good sign for Q2 GDP (it'll be lower than it would have been had inventories met expectations)
Australia data - Q2 Inventories: -0.4% q/q (expected 0.3%)

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