Australia’s business inventories rose by 0.1% quarter-on-quarter in Q2 2025, a sharp slowdown from the upwardly revised 1.2% growth recorded in the previous quarter. This marked the weakest expansion since the contraction in Q3 2024, primarily driven by easing inventory growth among manufacturers (0.2% vs 1.7% in Q1) and miners (4.8% vs 5.0%). Moreover, inventories slipped for wholesalers (-1.7% vs 0.2%) and continued to fall for retailers (-0.5% vs -0.3%). In contrast, inventory levels accelerated for electricity providers (6.9% vs 4.8%) and rebounded for the accommodation and food services sector (0.6% vs -0.5%). On an annual basis, business inventories increased by 0.8% compared to the same quarter last year.