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.

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Australia Corporate Profits

Actual Previous Highest Lowest Dates Unit Frequency
94066.00 97430.00 98032.00 12032.00 1994 - 2019 AUD Million Quarterly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
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 -3.5% -0.6% -3.5% -2.8%
2020-12-02 12:30 AM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Australia Q4 Corporate Profits Fall the Most in 2-1/2-Years
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%).
2020-03-02
Australia Q3 Corporate Profits Drop Unexpectedly
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%).
2019-12-02
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%).
2019-09-02
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).
2019-06-03

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.