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Australian Companies' Gross Operating Profits Fall in March Quarter

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Australia's seasonally adjusted company gross operating profits decreased 1.3% in the March quarter compared with the December 2025 quarter and rose 3.2% compared with the prior corresponding period, according to a Tuesday report by the Australian Bureau of Statistics.

Seasonally adjusted wages and salaries advanced 1.2% in the quarter and 5.5% compared with March 2025.

Meanwhile, inventories inched up 0.5% over the quarter on a seasonally adjusted, chain volume basis and edged down 0.3% compared with prior corresponding period.

Sales of goods and services rose in 10 industries and fell in five, with construction and professional, scientific, and technical services leading the gains, while mining recorded the largest decline.

Sales of goods and services in the manufacturing sector edged 0.3% higher over the quarter and grew 3.1% compared with 2025, while wholesale trade sales rose 0.5% for the quarter and 3% year on year.

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