Corporate profits in Australia expanded by 7.1% qoq on in Q2 2021, easily beating market expectations of 3 percent and after a revised 0.6 percent fall in Q1. This was the first rise in business profits in three quarters and the strongest gain since Q2 2020, as the economy recovered from COVID-19 disruptions. Profits rebounded in transport, postal & warehousing (7.9% vs -6.1% in Q1), information & communication (5.5% vs -20.2%), professional scientific & technical services(0.5% vs -9.5%), and other services (29.9% vs -52.6%). Also, profits grew faster in mining (18.4% vs 14.4%). By contrast, profits dropped in manufacturing (-3.2% vs 5.3%), utilities (-1% vs 1.7%), wholesale trade (-3.2% vs 1.2%), construction (-5.5% vs -0.7%), retail trade (-5.6% vs -22.1%), and accommodation & food services (-19.8% vs -38.5%), while those in financial and insurance rose much softer (4% vs 33.4%). source: Australian Bureau of Statistics

Corporate Profits in Australia averaged 50545.41 AUD Million from 1994 until 2021, reaching an all time high of 118299 AUD Million in the second quarter of 2021 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 October of 2021.

Corporate Profits in Australia is expected to be 112900.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Corporate Profits is projected to trend around 95700.00 AUD Million in 2022, according to our econometric models.

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Australia Corporate Profits


Calendar GMT Actual Previous Consensus TEForecast
2020-11-30 12:30 AM Q3 3.2% 15.8% 4.5% 4%
2021-03-01 12:30 AM Q4 -6.6% 3.2% -4% -3.6%
2021-06-01 01:30 AM Q1 -0.3% -4.8% 3% 4.9%
2021-08-30 01:30 AM Q2 7.1% -0.6% 3% 3.1%


News Stream
Australia Q2 Corporate Profits Grow the Most in a Year
Corporate profits in Australia expanded by 7.1% qoq on in Q2 2021, easily beating market expectations of 3 percent and after a revised 0.6 percent fall in Q1. This was the first rise in business profits in three quarters and the strongest gain since Q2 2020, as the economy recovered from COVID-19 disruptions. Profits rebounded in transport, postal & warehousing (7.9% vs -6.1% in Q1), information & communication (5.5% vs -20.2%), professional scientific & technical services(0.5% vs -9.5%), and other services (29.9% vs -52.6%). Also, profits grew faster in mining (18.4% vs 14.4%). By contrast, profits dropped in manufacturing (-3.2% vs 5.3%), utilities (-1% vs 1.7%), wholesale trade (-3.2% vs 1.2%), construction (-5.5% vs -0.7%), retail trade (-5.6% vs -22.1%), and accommodation & food services (-19.8% vs -38.5%), while those in financial and insurance rose much softer (4% vs 33.4%).
2021-08-30
Australia Q1 Corporate Profits Unexpectedly Fall
Corporate profits in Australia unexpectedly declined by 0.3 percent on quarter in the three months to March 2021, missing market expectations of a 3 percent rise and after a downwardly revised 4.8 percent fall in the prior period. This was the second straight quarter of drop in business profits, amid a resurgence of COVID-19 cases in some states. Profits dropped in construction (-3.1% vs -11.7% in Q4), retail trade (-22.9% vs -11.4%), accommodation & food services (-36.9% vs -33.7%), transport, postal & warehousing (-6.1% vs -25.5%), information & communication (-20.3% vs 13.3%), professional scientific & technical services (-9.8% vs -27.6%), and other services (-52.6% vs -31.5%). On the flip side, corporate profits rose in mining (14.7% vs 14.6%), manufacturing (6.8% vs -10.4%), utilities (3.4% vs -4.4%), wholesale trade (2.2% vs 2%), and financial and insurance (36.7% vs 188%).
2021-06-01
Australia Corporate Profits Drop More than Expected
Corporate profits in Australia declined by 6.6 percent on quarter in the three months to December 2020, following a 3.2 percent growth in the prior period and compared with market estimates of a 4 percent fall, due to a resurgence of COVID-19 cases in some states. Profits dropped in manufacturing (-12.1 percent vs 11.5 percent in Q3); construction (-10.0 percent vs 1.8 percent); retail trade (-13.0 percent vs 16.6 percent); professional scientific & technical services (-28.2 percent vs 11.7 percent); accommodation & food services (-35.2 percent vs 35.2 percent); transport, postal & warehousing (-26.3 percent vs 7.5 percent); and rental, hiring & real estate services (-6.2 percent vs 7.4 percent). On the flip side, corporate profits rose in mining (11.5 percent vs -9.5 percent); wholesale trade (1.9 percent vs 13.5 percent); and financial & insurance services (181.8 percent vs -68.9 percent).
2021-03-01
Australia Corporate Profits Rise More than Expected in Q3
Corporate profits in Australia rose by 3.2% on quarter in the three months to September 2020, easing from an upwardly revised 15.8 percent gain in August and below consensus of a 4.5% increase. This was the third straight quarter of growth in corporate profits, reflecting the impact of the COVID-19 pandemic employment subsidies implemented by the government. By industry, profits rose less for manufacturing (11.4% vs 11.6% in Q2); construction (1.7% vs 52.7%); wholesale trade (13.3% vs 8.9%); retail trade (16.4% vs 38.2%); professional scientific & technical services (11.3% vs 63%); accommodation & food services (35.1% vs 100%), transport & warehousing (7.3% vs 13.3%); and rental, hiring & real estate services (7.2% vs 16.7%). Also, profits fell further for both mining (-9.4% vs -3.9%); and financial & insurance services (-65.2% vs -38.3%).
2020-11-30

Australia Last Unit Reference Previous Highest Lowest
Industrial Production Mom -0.20 percent Jun/21 1.10 5.50 -7.00
Industrial Production 0.80 percent Jun/21 -1.70 13.00 -7.70
Manufacturing Production 9.50 percent Jun/21 -0.60 9.50 -11.70
Changes in Inventories 2529.00 AUD Million Jun/21 3339.00 4499.00 -4018.00
Corporate Profits 118299.00 AUD Million Jun/21 110452.00 118299.00 12032.00
Private Investment 4.40 percent Jun/21 6.00 18.70 -8.70
Mining Production -4.10 percent Jun/21 -2.40 25.10 -16.80
Business Inventories 0.20 percent Jun/21 2.40 2.90 -2.80


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.