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%). source: Australian Bureau of Statistics

Corporate Profits in Australia averaged 49914.71 AUD Million from 1994 until 2021, reaching an all time high of 116663 AUD Million in the third quarter of 2020 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 2021.

Corporate Profits in Australia is expected to be 107300.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Corporate Profits in Australia to stand at 95500.00 in 12 months time. In the long-term, the Australia Corporate Profits is projected to trend around 95700.00 AUD Million in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Australia Corporate Profits

Actual Previous Highest Lowest Dates Unit Frequency
110721.00 111092.00 116663.00 12032.00 1994 - 2021 AUD Million Quarterly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-31 01:30 AM Q2 15% 1.4% -7.5% -8%
2020-11-30 12:30 AM Q3 3.2% 15.8% 4.5% 4%
2021-03-01 12:30 AM Q4 -6.6% 3.2% -4% -3.6%
2021-06-01 01:30 AM Q1 -0.3% -4.8% 3% 4.9%


News Stream
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 Drop More than Expected
Corporate profits in Australia declined by 6.6 percent on quarter in the three months to December 2020, following a 3.2 percent growth in the prior period and compared with market estimates of a 4 percent fall, due to a resurgence of COVID-19 cases in some states. Profits dropped in manufacturing (-12.1 percent vs 11.5 percent in Q3); construction (-10.0 percent vs 1.8 percent); retail trade (-13.0 percent vs 16.6 percent); professional scientific & technical services (-28.2 percent vs 11.7 percent); accommodation & food services (-35.2 percent vs 35.2 percent); transport, postal & warehousing (-26.3 percent vs 7.5 percent); and rental, hiring & real estate services (-6.2 percent vs 7.4 percent). On the flip side, corporate profits rose in mining (11.5 percent vs -9.5 percent); wholesale trade (1.9 percent vs 13.5 percent); and financial & insurance services (181.8 percent vs -68.9 percent).
2021-03-01
Australia Corporate Profits Rise More than Expected in Q3
Corporate profits in Australia rose by 3.2% on quarter in the three months to September 2020, easing from an upwardly revised 15.8 percent gain in August and below consensus of a 4.5% increase. This was the third straight quarter of growth in corporate profits, reflecting the impact of the COVID-19 pandemic employment subsidies implemented by the government. By industry, profits rose less for manufacturing (11.4% vs 11.6% in Q2); construction (1.7% vs 52.7%); wholesale trade (13.3% vs 8.9%); retail trade (16.4% vs 38.2%); professional scientific & technical services (11.3% vs 63%); accommodation & food services (35.1% vs 100%), transport & warehousing (7.3% vs 13.3%); and rental, hiring & real estate services (7.2% vs 16.7%). Also, profits fell further for both mining (-9.4% vs -3.9%); and financial & insurance services (-65.2% vs -38.3%).
2020-11-30
Australia Q2 Corporate Profits Unexpectedly Rise
Corporate profits in Australia unexpectedly jumped by 15.1% on quarter in Q2 2020, after an upwardly revised 1.4% gain in Q1, easily beating market consensus of a 7.5% fall. This was the steepest growth in corporate profits since Q4 2016, reflecting the COVID-19 pandemic employment subsidies implemented by the government. By industry, profits rose faster for manufacturing (8.4% vs 6.2%); wholesale trade (8.2% vs 7.7%); retail trade (30.8% vs 3.3%), and professional scientific & technical services (55.1% vs 2.3%), amid a rebound in profits for construction (53.8% vs -3.8%); accommodation & food services (86.3% vs -9.8%); transport & warehousing (10.7% vs -9.0%); and rental, hiring and real estate services (11.1% vs -4.4). In contrast, profits fell for information media & telecommunication (-5.4% vs -5.8%); mining (-0.7% vs 2.8%); financial & insurance services (-35.5% vs -51.3%); and electricity, gas, water & waste services (-9.6% vs 7.6%).
2020-08-31

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.