Corporate profits in Australia unexpectedly fell by 0.8 percent quarter-on-quarter to AUD 97.46 billion in the third quarter 2019, after an upwardly revised 4.8 percent gain in the previous period and missing market expectations of a 2 percent increase. By industry, profits dropped for mining (-2.1% vs 10.5% in Q2); rental, hiring & real estate (-11.2% vs 6.5%) and arts & recreation (-16.6% vs 8.7%). Additionally, profits went down further for transport, postal, warehousing (-6.6% vs -2.4%); financial & insurance services (-28% vs -6.1%) and other services (-4.4% vs -0.8%). Also, profits rose less for wholesale trade (1.1% vs 3.3%); retail trade (1.6% vs 3.8%); administrative & support services (2% vs 2.5%) and professional, scientific & technical services (7.2% vs 10.9%). In contrasts, profits rebounded in accommodation & food (2.2% vs -7.2%); utilities (2% vs -11%); manufacturing (1.1% vs -2.3%) and information media & telecommunications (9.6% vs -2.9%). Corporate Profits in Australia averaged 46433.79 AUD Million from 1994 until 2019, reaching an all time high of 98235 AUD Million in the second quarter of 2019 and a record low of 12032 AUD Million in the first quarter of 1995. source: Australian Bureau of Statistics

Corporate Profits in Australia is expected to be 93000.00 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 94000.00 in 12 months time. In the long-term, the Australia Corporate Profits is projected to trend around 90500.00 AUD Million in 2020, according to our econometric models.


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Australia Corporate Profits

Actual Previous Highest Lowest Dates Unit Frequency
97460.00 98235.00 98235.00 12032.00 1994 - 2019 AUD Million Quarterly
Current Prices, SA



Calendar GMT Actual Previous Consensus TEForecast
2019-03-04 12:30 AM Q4 0.8% 1.2% 3% 2.3%
2019-06-03 01:30 AM Q1 1.7% 2.8% 3% 1.5%
2019-09-02 01:30 AM Q2 4.5% 2.6% 2% 1.9%
2019-12-02 12:30 AM Q3 -0.8% 4.8% 2% 2%
2020-03-02 12:30 AM Q4 -0.8% 93000%


News Stream
2019-09-02
Australia Corporate Profits Rise the Most in Over a Year
Corporate profits in Australia rose by 4.5 percent on quarter to a new all-time high of AUD 98.03 billion in the second quarter of 2019, following an upwardly revised 2.6 percent gain in the previous period and beating market consensus of 2 percent growth. That was the strongest increase in corporate profits since the first quarter of 2018. By industry, profits grew for mining (10.9% vs 6.6% in Q1); wholesale trade (3% vs 2%); construction (4.1% vs -7.2%); accommodation & food (5.6% vs -3.9%); retail trade (3.4% vs 1.2%); rental, hiring and real estate (5.1% vs -10.2%); arts and recreation (11.5% vs -10.4%); administrative and support services (2.7% vs 12.4%); professional, scientific and technical services (6.5% vs 8%); and other services (1.9% vs 1%). By contrast, profits fell for manufacturing (-3.5% vs -1%); financial and insurance (-5% vs 13.6%); information media and telecommunications (-4.7% vs 5.5%); utilities (-11.3% vs 0.6%); and transport, postal, warehousing (-2% vs 4.1%).

2019-06-03
Australia Q1 Corporate Profits Rise Less than Estimated
Corporate profits in Australia rose by 1.7 percent to a new all-time high of AUD 93.03 billion in the first quarter of 2019, after an upwardly revised 2.8 percent gain in the prior quarter but missing market consensus of a 3 percent growth. It was the weakest rise in corporate profits in three quarters. By industry, profit growth slowed for mining (5.2 percent vs 6 percent in Q4); electricity, gas, water & waste services (1.8 pct vs 6 pct); and transport, postal, warehousing (3.8 pct vs 10.5 pct). In addition, profits fell for construction (-7.5 pct vs 5.1 pct) and accommodation & food services (-3.8 pct vs 10.6 pct). Also, profit declined further for rental, hiring and real estate (-10 pct vs -0.2 pct). Meantime, profits of wholesale trade (2.8 pct vs -1.4) and those of administrative and support services rebounded (13.6 pct vs -11.3 pct), while those of other services were flat (vs 1.8 pct in Q4).

2019-03-04
Australia Corporate Profits Growth at Over 1-Year Low
Corporate profits in Australia rose 0.8 percent to an all-time high of AUD 90.06 billion in the fourth quarter of 2018, the smallest increase since Q3 2017 and below market consensus of 3 percent growth. By industry, profit growth slowed sharply for: electricity, gas, water & waste services (3.7 pct vs 8.2 pct in Q3); construction (1.6 pct vs 10.4 pct); and accommodation & food services (10 pct vs 16.3 pct). In addition, profits fell for: manufacturing (-3.6 pct vs -4.5 pct); wholesale trade (-3.4 pct vs -5.3 pct); retail trade (-0.8 pct vs -4.3 pct); information media & telecommunications (-7.8 pct vs 1 pct); financial & insurance services (-26.6 pct vs -1.9 pct); rental, hiring & real estate (-1.3 pct vs -0.2 pct); administrative & support services (-13.7 pct vs 2.7 pct); and arts & recreation services (-5.2 pct vs 10.2 pct).


Australia Corporate Profits
In Australia, corporate profits refers to the net operating profit or loss before income tax and extraordinary items and is net of capital profits or losses arising from the sale of businesses' own capital goods and dividends received.

Australia Business Last Previous Highest Lowest Unit
Business Confidence 0.00 2.00 21.00 -30.00 points [+]
Services PMI 48.70 53.70 63.00 32.50 points [+]
Manufacturing PMI 48.30 48.10 62.50 29.47 points [+]
Industrial Production 1.90 1.30 12.60 -7.60 percent [+]
Industrial Production Mom 1.20 0.70 5.20 -7.10 percent [+]
Manufacturing Production -3.10 -1.70 8.60 -11.80 percent [+]
Capacity Utilization 81.07 81.68 84.62 78.24 percent [+]
New Orders 31.00 25.00 49.00 -37.00 points [+]
Changes in Inventories -941.00 -1366.00 4265.00 -3885.00 AUD Million [+]
Bankruptcies 748.00 741.00 1123.00 217.00 Companies [+]
Corporate Profits 97460.00 98235.00 98235.00 12032.00 AUD Million [+]
Total Vehicle Sales 84239.00 84708.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.09 -0.15 0.54 -1.11 percent [+]
Small Business Sentiment 1.21 0.84 18.55 -21.17 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Industrial Sentiment 49.20 49.90 57.20 49.20 points [+]
Private Investment -0.20 -0.60 15.70 -8.50 percent [+]
Mining Production 6.50 3.80 25.20 -16.90 percent [+]
Services Sentiment 49.80 49.70 58.40 48.70 points [+]
Steel Production 448.33 488.24 819.00 238.00 Thousand Tonnes [+]
Corruption Index 77.00 77.00 88.60 77.00 Points [+]
Corruption Rank 13.00 13.00 13.00 7.00 [+]
Competitiveness Index 78.75 78.85 78.85 5.08 Points [+]
Competitiveness Rank 16.00 14.00 22.00 14.00 [+]
Composite Pmi 49.60 49.70 58.30 49.10 points [+]
Business Inventories -0.40 -1.00 2.80 -2.80 percent [+]
Ease of Doing Business 14.00 18.00 18.00 9.00 [+]