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%). source: Australian Bureau of Statistics

Corporate Profits in Australia averaged 48769.75 AUD Million from 1994 until 2020, reaching an all time high of 117394 AUD Million in the third quarter of 2020 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 January of 2021.

Corporate Profits in Australia is expected to be 98700.00 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 96900.00 in 12 months time. In the long-term, the Australia Corporate Profits is projected to trend around 97500.00 AUD Million in 2021 and 95700.00 AUD Million in 2022, according to our econometric models.

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Australia Corporate Profits

Actual Previous Highest Lowest Dates Unit Frequency
117394.00 113730.00 117394.00 12032.00 1994 - 2020 AUD Million Quarterly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-02 12:30 AM Q4 -3.5% -0.6% -3.5% -2.8%
2020-06-02 01:30 AM Q1 1.1% -3.5% 0% -1%
2020-08-31 01:30 AM Q2 15% 1.4% -7.5% -8%
2020-11-30 12:30 AM Q3 3.2% 15.8% 4.5% 4%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Q2 Corporate Profits Unexpectedly Rise
Corporate profits in Australia unexpectedly jumped by 15.1% on quarter in Q2 2020, after an upwardly revised 1.4% gain in Q1, easily beating market consensus of a 7.5% fall. This was the steepest growth in corporate profits since Q4 2016, reflecting the COVID-19 pandemic employment subsidies implemented by the government. By industry, profits rose faster for manufacturing (8.4% vs 6.2%); wholesale trade (8.2% vs 7.7%); retail trade (30.8% vs 3.3%), and professional scientific & technical services (55.1% vs 2.3%), amid a rebound in profits for construction (53.8% vs -3.8%); accommodation & food services (86.3% vs -9.8%); transport & warehousing (10.7% vs -9.0%); and rental, hiring and real estate services (11.1% vs -4.4). In contrast, profits fell for information media & telecommunication (-5.4% vs -5.8%); mining (-0.7% vs 2.8%); financial & insurance services (-35.5% vs -51.3%); and electricity, gas, water & waste services (-9.6% vs 7.6%).
2020-08-31
Australia Q1 Corporate Profits Unexpectedly Rise
Corporate profits in Australia unexpectedly rose by 1.1 percent on quarter to AUD 95.03 billion in the first three months of 2020, rebounding from a 3.5 percent fall in the previous period and beating market expectations of a flat reading. It was the largest gain in corporate profits in three quarters. By industry, profits rebounded for mining (2.9% vs -7.9% in Q4 2019); financial & insurance services (48.9% vs -27.7%); and professional scientific & technical services (2.2% vs -4.6%). Also, profits grew further for manufacturing (6.1% vs 1.4%); electricity, gas, water & waste services (6.4% vs 2.8%); wholesale trade (2.3% vs 0.3%); and retail trade (3.2% vs 1.4%). In contrast, profits fell for construction (-2.7% vs 8.2%); accommodation & food services (-11.5% vs -2.3%); transport, postal & warehousing (-8.3% vs 4.1%); information media & telecommunication (-4.1% vs 2.1%); and rental, hiring and real estate services (-4.6% vs flat reading).
2020-06-02
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 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.