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.