Australia Q3 Gross Company Profits 2014

Quick industry-specific look at Australian gross company profits for the past year. Financials leading the pack, up a whopping 98.9% on the back of lower interest rates and a lack of substantial insurance payouts, while mining, reflecting the slowdown in China and lower commodity prices, is the laggard at -15%. Elsewhere real estate and construction recorded growth of 13.2% and 12.3%, unsurprising given recent activity in the housing market, while retail, the largest employer in the country, logged a measly increase of 0.01%.

http://www.ausstats.abs.gov.au/ausstats/meisubs.nsf/0/423AE2B13E08C49FCA257D9E00112D0E/$File/56760_sep%202014.pdf

 

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