Corporate profits in Australia increased by 0.5% qoq in Q1 of 2023, missing market consensus of 2.0% and slowing sharply from an upwardly revised 12.7% surge in the previous period which was the strongest rise since Q4 of 2016. Profits rose at softer paces at manufacturers (5.0% vs 10.5% in Q4), utility providers (7.9% vs 10.2%), constructors (2.9% vs 3.5%), information providers (0.4% vs 5.6%), other services (9.8% vs 41.5%), administrative, support services (11.5% vs 23.2%), and professional, scientific industries (7.0% vs 12.3%). In addition, profits fell in miners (-2.2% vs 15.6%), retail traders (-2.1% vs 9.7%), wholesale traders (-4.5% vs 16.5%), and arts and recreation services (-7.9% vs 12.8%). Conversely, profits accelerated at both financial and insurance services (33.4% vs 15.2%) and transport providers (10.1% vs 6.9%). Through the year to March, corporate profits grew by 7.1%, much softer than a 16.0% jump in Q4. source: Australian Bureau of Statistics

Corporate Profits in Australia averaged 55928.67 AUD Million from 1994 until 2023, reaching an all time high of 150402.00 AUD Million in the first quarter of 2023 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 August of 2023.

Corporate Profits in Australia is expected to be 134297.00 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 152065.00 AUD Million in 2024 and 154650.00 AUD Million in 2025, according to our econometric models.

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Australia Corporate Profits



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-02-27 12:30 AM Q4 10.6% -11.5% 1.5% 1.1%
2023-06-05 01:30 AM Q1 0.5% 12.7% 2% 1.5%


Related Last Previous Unit Reference
Industrial Production Mom 0.70 0.80 percent Mar 2023
Industrial Production 2.70 1.66 percent Mar 2023
Manufacturing Production -1.11 -3.29 percent Mar 2023
Changes in Inventories 2417.00 2360.00 AUD Million Mar 2023
Corporate Profits 150402.00 149661.00 AUD Million Mar 2023
Private Investment 2.80 3.70 percent Jun 2023
Mining Production 5.71 4.88 percent Mar 2023
Business Inventories 1.20 0.30 percent Mar 2023

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
150402.00 149661.00 150402.00 12032.00 1994 - 2023 AUD Million Quarterly
Current Prices, SA

News Stream
Australia Q1 Corporate Profits Rise Less than Estimated
Corporate profits in Australia increased by 0.5% qoq in Q1 of 2023, missing market consensus of 2.0% and slowing sharply from an upwardly revised 12.7% surge in the previous period which was the strongest rise since Q4 of 2016. Profits rose at softer paces at manufacturers (5.0% vs 10.5% in Q4), utility providers (7.9% vs 10.2%), constructors (2.9% vs 3.5%), information providers (0.4% vs 5.6%), other services (9.8% vs 41.5%), administrative, support services (11.5% vs 23.2%), and professional, scientific industries (7.0% vs 12.3%). In addition, profits fell in miners (-2.2% vs 15.6%), retail traders (-2.1% vs 9.7%), wholesale traders (-4.5% vs 16.5%), and arts and recreation services (-7.9% vs 12.8%). Conversely, profits accelerated at both financial and insurance services (33.4% vs 15.2%) and transport providers (10.1% vs 6.9%). Through the year to March, corporate profits grew by 7.1%, much softer than a 16.0% jump in Q4.
2023-06-05
Australia Corporate Profits Grow the Most in 2-1/2 Years
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.
2023-02-27
Australia Q3 Corporate Profits Unexpectedly Fall
Corporate profits in Australia unexpectedly plunged by 12.4% qoq on in Q3 of 2022, missing market expectations of a 0.3% growth, and following an upwardly revised 7.8% rise in Q2. This was the first decline in corporate profits since the fourth quarter of 2020, amid falling commodity prices. Profits fell in mining (-19.1% vs 15.4% in Q2), manufacturing (-21.3% vs 9.5%), utilities (-0.5% vs 0.2%), retail trade (-5.8% vs -6.1%), construction (-2.5% vs -5.6%), telecommunications (-8.5% vs -5.8%), financial and insurance services (-43.4% vs -42.8%), arts and recreation services (-26.9% vs 0.9%), rental hiring and real-estate services (-4.3% vs -9.1%), and other services (-17.9% vs -6.1%). Through the year to Q3, corporate profits rose by 8.5 percent, easing sharply from an upwardly revised 28.8 percent surge in Q2.
2022-12-05