Corporate profits in Australia increased by 10.6% qoq in Q4 of 2022, easily exceeding market consensus of 1.5% and shifting from a downwardly revised 11.5% fall in the previous period. This was the strongest growth in corporate profits since Q2 of 2020, as the economy fully reopened from pandemic disruptions. Profits rebounded in miners (11.6% vs -17.3% in Q3), manufacturers (12.6% vs -21.5%), utility providers (8.5% vs -1%), retail traders (6.5% vs -4.6%), wholesale traders (12.2% vs -0.5%), constructors (3.6% vs -3.8%), information providers (5.6% vs -7.6%), financial and insurance services (22.0% vs -39.0), arts and recreation services (23.8% vs -26.2%), and other services (37.1% vs -17.6%). Also, profits picked up in transport providers (8.5% vs 3%) and administrative, support services (21.8% vs 7.6%), while accelerated in professional, scientific industries (19.4% vs 15.3%). Through the year to December, corporate profits jumped 16.0%, way stronger than a 9.6% rise in Q3. source: Australian Bureau of Statistics

Corporate Profits in Australia averaged 55098.89 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 June of 2023.

Corporate Profits in Australia is expected to be 153894.00 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 153244.00 AUD Million in 2024 and 156769.00 AUD Million in 2025, according to our econometric models.

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Australia Corporate Profits



Calendar GMT Actual Previous Consensus TEForecast
2022-12-05 12:30 AM Q3 -12.4% 7.8% 0.3% 0.2%
2023-02-27 12:30 AM Q4 10.6% -11.5% 1.5% 1.1%


Related Last Previous Unit Reference
Industrial Production Mom 0.70 1.10 percent Dec 2022
Industrial Production 1.90 1.00 percent Dec 2022
Manufacturing Production -3.10 0.60 percent Dec 2022
Changes in Inventories 1143.00 3857.00 AUD Million Dec 2022
Corporate Profits 147734.00 133561.00 AUD Million Dec 2022
Private Investment 2.40 3.00 percent Mar 2023
Mining Production 5.20 0.10 percent Dec 2022
Business Inventories -0.20 2.10 percent Dec 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
147734.00 133561.00 150876.00 12032.00 1994 - 2022 AUD Million Quarterly
Current Prices, SA

News Stream
Australia Corporate Profits Grow the Most in 2-1/2 Years
Corporate profits in Australia increased by 10.6% qoq in Q4 of 2022, easily exceeding market consensus of 1.5% and shifting from a downwardly revised 11.5% fall in the previous period. This was the strongest growth in corporate profits since Q2 of 2020, as the economy fully reopened from pandemic disruptions. Profits rebounded in miners (11.6% vs -17.3% in Q3), manufacturers (12.6% vs -21.5%), utility providers (8.5% vs -1%), retail traders (6.5% vs -4.6%), wholesale traders (12.2% vs -0.5%), constructors (3.6% vs -3.8%), information providers (5.6% vs -7.6%), financial and insurance services (22.0% vs -39.0), arts and recreation services (23.8% vs -26.2%), and other services (37.1% vs -17.6%). Also, profits picked up in transport providers (8.5% vs 3%) and administrative, support services (21.8% vs 7.6%), while accelerated in professional, scientific industries (19.4% vs 15.3%). Through the year to December, corporate profits jumped 16.0%, way stronger than a 9.6% rise in Q3.
2023-02-27
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