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). source: Australian Bureau of Statistics
Corporate Profits in Australia averaged 49344.53 AUD Million from 1994 until 2020, reaching an all time high of 117392 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 April of 2021.
Corporate Profits in Australia is expected to be 98000.00 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 97500.00 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.