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%). 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 July of 2022.
Corporate Profits in Australia is expected to be 120500.00 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 2023, according to our econometric models.