Transport and Logistics sector performance brightens


ABS figures for June quarter show trend upward, in line with national average, for profits, inventories and wages

September 5, 2011

The broad transport, postal and warehouse sector is part of a surge in gross operating profit and inventories in certain areas of the economy, Australian Bureau of Statistics (ABS) figures for June show.

However, the rise in wages may be of concern for the companies involved.

The trend estimate for gross operating profits of companies in the sector rose 4.8 percent this quarter, it reports in its Business Indicators, Australia, June 2011 figures released today.

The seasonally adjusted estimate rose 10.4 percent.

In current price terms, the trend estimate for wages and salaries in the sector rose 2.2 percent in the June quarter.

The seasonally adjusted estimate rose 3.2 percent.

In volume terms, the trend estimate for transport, postal and warehouse sector sales of goods and services rose 3.4 percent in the quarter.

The seasonally adjusted estimate rose 4.1 percent.

Taken with an annual results season, which show most listed transport and logistics-related public companies unveiling promising figures, the ABS figures may give rise to some confidence that the slower part of the two-speed Australian economy is gaining some pace.

The general trend estimate for inventories in all industries rose 1.5 percent in the June quarter.

The seasonally adjusted estimate rose 2.5 percent this quarter.

The trend estimate for company gross operating profits across the board rose 1.4 percent this quarter.

The seasonally adjusted estimate rose 6.7 percent.

In current price terms, the trend estimate for wages and salaries rose 1.8 percent.

The seasonally adjusted estimate rose 2.3 percent.

Those sectors still in the doldrums included manufacturing, financial and insurance services, and rental, hiring and real estate.

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