Corporate profits in Australia expanded by 4.0% qoq on in Q3 2021, beating market expectations of 3 percent and following a 7.1% rise in Q2. This was the second straight quarter of increase in business profits, reflecting stimulus packages provided by state and federal levels of government amid ongoing coronavirus pandemic. Profits in mining grew further (5.7% vs 18.9% in Q2), amid a rebound in those in manufacturing (10.3% vs -3.6%), wholesale trade (3.0% vs -4.9%), construction (19.7% vs -12.9%), rental hiring and real estate services (1.2% vs -3.9%) and a sharp pickup in profits in scientific & technical services(17.2% vs 3.9%). By contrast, profits fell in transport, postal & warehousing (-12.7% vs 8.7% in Q2), information & communication (-0.7% vs 5.3%), utilities (-4.7% vs -1.4%), retail trade (-1.5% vs -7.2%), accommodation & food services (-12.5% vs -16.9%), and financial and insurance (-14.1% vs -2.7%). 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 January of 2022.

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
2021-08-30 01:30 AM Q2 7.1% -0.6% 3% 3.1%
2021-11-29 12:30 AM Q3 4% 7.1% 3% 4%


Related Last Previous Unit Reference
Industrial Production Mom -0.20 1.10 percent Jun/21
Industrial Production 0.80 -1.70 percent Jun/21
Manufacturing Production 9.50 -0.60 percent Jun/21
Changes in Inventories -3532.00 3313.00 AUD Million Sep/21
Corporate Profits 122960.00 118239.00 AUD Million Sep/21
Business Inventories -1.90 0.30 percent Sep/21
Private Investment -2.20 3.40 percent Sep/21
Mining Production -4.10 -2.40 percent Jun/21

News Stream
Australia Q3 Corporate Profits Rise More than Estimated
Corporate profits in Australia expanded by 4.0% qoq on in Q3 2021, beating market expectations of 3 percent and following a 7.1% rise in Q2. This was the second straight quarter of increase in business profits, reflecting stimulus packages provided by state and federal levels of government amid ongoing coronavirus pandemic. Profits in mining grew further (5.7% vs 18.9% in Q2), amid a rebound in those in manufacturing (10.3% vs -3.6%), wholesale trade (3.0% vs -4.9%), construction (19.7% vs -12.9%), rental hiring and real estate services (1.2% vs -3.9%) and a sharp pickup in profits in scientific & technical services(17.2% vs 3.9%). By contrast, profits fell in transport, postal & warehousing (-12.7% vs 8.7% in Q2), information & communication (-0.7% vs 5.3%), utilities (-4.7% vs -1.4%), retail trade (-1.5% vs -7.2%), accommodation & food services (-12.5% vs -16.9%), and financial and insurance (-14.1% vs -2.7%).
2021-11-29
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
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.