Corporate profits in Australia unexpectedly plunged by 12.4% qoq on in Q3 of 2022, missing market expectations of a 0.3% growth, and following an upwardly revised 7.8% rise in Q2. This was the first decline in corporate profits since the fourth quarter of 2020, amid falling commodity prices. Profits fell in mining (-19.1% vs 15.4% in Q2), manufacturing (-21.3% vs 9.5%), utilities (-0.5% vs 0.2%), retail trade (-5.8% vs -6.1%), construction (-2.5% vs -5.6%), telecommunications (-8.5% vs -5.8%), financial and insurance services (-43.4% vs -42.8%), arts and recreation services (-26.9% vs 0.9%), rental hiring and real-estate services (-4.3% vs -9.1%), and other services (-17.9% vs -6.1%). Through the year to Q3, corporate profits rose by 8.5 percent, easing sharply from an upwardly revised 28.8 percent surge in Q2. source: Australian Bureau of Statistics

Corporate Profits in Australia averaged 54104.22 AUD Million from 1994 until 2022, reaching an all time high of 150876.00 AUD Million in the second quarter of 2022 and a record low of 12032.00 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 2023.

Corporate Profits in Australia is expected to be 143535.00 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 137114.00 AUD Million in 2024 and 140268.00 AUD Million in 2025, according to our econometric models.

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Australia Corporate Profits



Calendar GMT Actual Previous Consensus TEForecast
2022-09-05 01:30 AM Q2 7.6% 9.8% 4% 3.5%
2022-12-05 12:30 AM Q3 -12.4% 7.8% 0.3% 0.2%


Related Last Previous Unit Reference
Industrial Production Mom 0.40 0.40 percent Sep 2022
Industrial Production 0.49 0.10 percent Sep 2022
Manufacturing Production 0.40 0.00 percent Sep 2022
Changes in Inventories 2666.00 1561.00 AUD Million Sep 2022
Corporate Profits 132184.00 150876.00 AUD Million Sep 2022
Private Investment -0.60 0.00 percent Sep 2022
Mining Production -0.70 -0.90 percent Sep 2022
Business Inventories 1.70 0.50 percent Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
132184.00 150876.00 150876.00 12032.00 1994 - 2022 AUD Million Quarterly
Current Prices, SA

News Stream
Australia Q3 Corporate Profits Unexpectedly Fall
Corporate profits in Australia unexpectedly plunged by 12.4% qoq on in Q3 of 2022, missing market expectations of a 0.3% growth, and following an upwardly revised 7.8% rise in Q2. This was the first decline in corporate profits since the fourth quarter of 2020, amid falling commodity prices. Profits fell in mining (-19.1% vs 15.4% in Q2), manufacturing (-21.3% vs 9.5%), utilities (-0.5% vs 0.2%), retail trade (-5.8% vs -6.1%), construction (-2.5% vs -5.6%), telecommunications (-8.5% vs -5.8%), financial and insurance services (-43.4% vs -42.8%), arts and recreation services (-26.9% vs 0.9%), rental hiring and real-estate services (-4.3% vs -9.1%), and other services (-17.9% vs -6.1%). Through the year to Q3, corporate profits rose by 8.5 percent, easing sharply from an upwardly revised 28.8 percent surge in Q2.
2022-12-05
Australia Q2 Corporate Profits Rise More than Expected
Corporate profits in Australia increased by 7.6% qoq on in Q2 of 2022, easily beating market expectations of a 4% gain, and following a downwardly revised 9.8% rise in Q1. This was the sixth straight quarter of increase in business profits, amid lifting COVID-19 restrictions. Profits rose softer in mining (14.3% vs 25.5% in Q1), utilities (0.4% vs 7.1%), wholesale trade (1.1% vs 13.3%), amid a decline in construction (-5.7% vs 3.3%), retail trade (-5.0% vs 23.2%), financial and insurance services (-38.0% vs -26.5%), and other services (-6.6% vs 17.0%). Meanwhile, profits continued to grow for transport, postal and warehousing (23.8% vs 1.9%), amid a sharp rebound in manufacturing (10.0% vs -7.7%), accommodation and food services (48.8% vs -43.5%). Through the year to Q2, corporate profits jumped by 28.5 percent, accelerating from a 24.9 percent growth in Q1.
2022-09-05
Australia Corporate Profits Rise the Most in Near 2 Years
Corporate profits in Australia surged by 10.2% qoq on in Q1 of 2022, easily beating market expectations of a 4% rise, and following an upwardly revised 4.6% gain in Q4 2021. This was the fourth straight quarter of increase in business profits, and the strongest growth since the second quarter 2020, amid further easing Covid-19 restrictions. Profits grew faster in construction (5.7% vs 2.4% in Q4 2021), utilities (6.2% vs 1.2%), retail trade (25.3% vs 1.2%), wholesale trade (13.6% vs 0.8%), other services (17.6% vs 3.5%), amid a rebound in profits in mining (25.3% vs -3.5% in Q4). In contrast, profits fell in manufacturing (-6.4% vs 24.1%), accommodation and food services (-43.7% vs -10.2%), financial and insurance services (-26.4% vs 134.9%).
2022-05-31