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.

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Australia Corporate Profits



Calendar GMT Actual Previous Consensus TEForecast
2022-02-28 12:30 AM Q4 2% 4% 2% 2%
2022-05-31 01:30 AM Q1 10.2% 4.6% 4% 3%


Related Last Previous Unit Reference
Industrial Production 0.21 1.39 percent Mar 2022
Industrial Production Mom -0.20 1.10 percent Jun 2021
Manufacturing Production 3.38 4.43 percent Mar 2022
Changes in Inventories 7464.00 1502.00 AUD Million Mar 2022
Corporate Profits 140380.00 127398.00 AUD Million Mar 2022
Private Investment -0.30 2.30 percent Mar 2022
Mining Production -3.08 -0.61 percent Mar 2022
Business Inventories 3.20 1.50 percent Mar 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
140380.00 127398.00 140380.00 12032.00 1994 - 2022 AUD Million Quarterly
Current Prices, SA

News Stream
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%).
2022-05-31
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%).
2022-02-28
Australia Q3 Corporate Profits Rise More than Estimated
Corporate profits in Australia expanded by 4.0% qoq on in Q3 2021, beating market expectations of 3 percent and following a 7.1% rise in Q2. This was the second straight quarter of increase in business profits, reflecting stimulus packages provided by state and federal levels of government amid ongoing coronavirus pandemic. Profits in mining grew further (5.7% vs 18.9% in Q2), amid a rebound in those in manufacturing (10.3% vs -3.6%), wholesale trade (3.0% vs -4.9%), construction (19.7% vs -12.9%), rental hiring and real estate services (1.2% vs -3.9%) and a sharp pickup in profits in scientific & technical services(17.2% vs 3.9%). By contrast, profits fell in transport, postal & warehousing (-12.7% vs 8.7% in Q2), information & communication (-0.7% vs 5.3%), utilities (-4.7% vs -1.4%), retail trade (-1.5% vs -7.2%), accommodation & food services (-12.5% vs -16.9%), and financial and insurance (-14.1% vs -2.7%).
2021-11-29