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.