Corporate profits in Australia fell by 3.5 percent quarter-on-quarter to AUD 94.07 billion in the three months to December 2019, the sharpest decline since Q2 2017,
after a downwardly revised 0.6 percent decrease in the previous period and matching market expectations. By industry, profits shrank in construction (-6.9% vs 14 percent in Q3); wholesale trade (-1% vs 1.1%); accommodation & food (-1.9% vs 1.5%); and professional, scientific & technical services (-1.9% vs 6.1%); and fell further in mining (-8% vs -1.4). Also, profits growth slowed in manufacturing (1% vs 1.4%); retail (0.5% vs 2%); transport, postal, warehousing (4% vs 7%); administrative & support services (0.5% vs 0.9%); and information & telecommunications (1.6% vs 9.7%). In contrast, profits dropped less in financial & insurance services (-23.7% vs -29.6%); and other services (-0.8% vs -3%). Additionally, profits increased in rental, hiring & real estate (0.5% vs -10.5%); and arts & recreation (18.8% vs -19.4%).
Corporate Profits in Australia averaged 46897.81 AUD Million from 1994 until 2019, reaching an all time high of 98032 AUD Million in the second quarter of 2019 and a record low of 12032 AUD Million in the first quarter of 1995. This page provides the latest reported value for - Australia Corporate Profits - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Corporate Profits - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Australian Bureau of Statistics
Corporate Profits in Australia is expected to be 1.30 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Corporate Profits in Australia to stand at 91500.00 in 12 months time. In the long-term, the Australia Corporate Profits is projected to trend around 90500.00 AUD Million in 2021, according to our econometric models.