Company Operating Profits down by 1.9% in June quarter

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Monday, Aug 31 2015

The seasonally adjusted estimate for company gross operating profits fell 1.9% in the June quarter 2015, in line with market forecasts. The seasonally adjusted estimate for wages and salaries rose 1.1% in the June quarter 2015. Separate report on Private Sector Credit showed 0.6% incline, beating expectations on 0.4% increase.

The trend estimate for inventories rose 0.1% in the June quarter 2015, while the seasonally adjusted estimate was relatively unchanged. The trend estimate for Manufacturing sales of goods and services fell 2.1% this quarter.The seasonally adjusted estimate fell 0.5% this quarter.The trend estimate for Wholesale trade sales of goods and services rose 0.6% this quarter.The seasonally adjusted estimate fell 0.4%.

Aussie is currently being traded few points above 0.7140 level. Pair is likely to find support around 0.71 handle and resistance above 0.72 area. Later today, in the US session, Chicago PMI figures are scheduled for a release.

Last modified on Monday, 31 August 2015

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