Corporate Profits in Australia remained unchanged at 150588 AUD Million in the second quarter of 2022 from 150588 AUD Million in the second quarter of 2022. source: Australian Bureau of Statistics

Corporate Profits in Australia averaged 54264.54 AUD Million from 1994 until 2022, reaching an all time high of 150588 AUD Million in the second quarter of 2022 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 September of 2022.

Corporate Profits in Australia is expected to be 140000.00 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.

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Australia Corporate Profits

Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 01:30 AM Q1 10.2% 4.6% 4% 3%
2022-09-05 01:30 AM Q2 7.6% 9.8% 4% 3.5%

Related Last Previous Unit Reference
Industrial Production 0.40 0.21 percent Jun 2022
Industrial Production Mom -0.40 0.00 percent Mar 2022
Manufacturing Production 0.39 3.38 percent Jun 2022
Changes in Inventories 1561.00 7464.00 AUD Million Jun 2022
Corporate Profits 150588.00 139898.00 AUD Million Jun 2022
Private Investment -0.30 0.40 percent Jun 2022
Mining Production -1.03 -3.08 percent Jun 2022
Business Inventories 0.30 3.60 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
150588.00 139898.00 150588.00 12032.00 1994 - 2022 AUD Million Quarterly
Current Prices, SA

News Stream
Australia Q2 Corporate Profits Rise More than Expected
Corporate profits in Australia increased by 7.6% qoq on in Q2 of 2022, easily beating market expectations of a 4% gain, and following a downwardly revised 9.8% rise in Q1. This was the sixth straight quarter of increase in business profits, amid lifting COVID-19 restrictions. Profits rose softer in mining (14.3% vs 25.5% in Q1), utilities (0.4% vs 7.1%), wholesale trade (1.1% vs 13.3%), amid a decline in construction (-5.7% vs 3.3%), retail trade (-5.0% vs 23.2%), financial and insurance services (-38.0% vs -26.5%), and other services (-6.6% vs 17.0%). Meanwhile, profits continued to grow for transport, postal and warehousing (23.8% vs 1.9%), amid a sharp rebound in manufacturing (10.0% vs -7.7%), accommodation and food services (48.8% vs -43.5%). Through the year to Q2, corporate profits jumped by 28.5 percent, accelerating from a 24.9 percent growth in Q1.
Australia Corporate Profits Rise the Most in Near 2 Years
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%).
Australia Q4 Corporate Profits Growth Matches Estimates
Corporate profits in Australia grew by 2.0% qoq on in Q4 2021, matching market expectations and following a 4.0% rise in Q3. This was the third straight quarter of increase in business profits, but the weakest growth in the sequence amid further easing Covid-19 restrictions. Profits expanded softer in scientific & technical services(1.8% vs 16.4% in Q3) amid a fall in profits in mining (-5.7% vs 6.1% in Q3), construction (-0.9% vs 18.5%), and a faster drop in those in art & recreation services (-2.3% vs -1.7%). In contrast profits rebounded in transport, postal & warehousing (26.6% vs -12.5% in Q3), information & communication (9.7% vs -2.0%), utilities (2.2% vs -4.6%), retail trade (2.5% vs -2.3%), and financial and insurance (77.3% vs -1.7%).