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.