Australian CGOP 0.2% vs. 0.5% forecast


(MENAFN- FxPro) Gross operating profits of Australian companies rose less-than-expected in the last quarter, official data showed on Monday.

In a report, Australian Bureau of Statistics said that Australian CGOP rose to a seasonally adjusted 0.2%, from -0.4% in the preceding quarter whose figure was revised down from -0.2%.

Analysts had expected Australian CGOP to rise to 0.5% in the last quarter


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