Australian industry gross company profits (YY, s.a): Quick industry-specific look at Australian gross company profits for the past year

David Scutt

Scutt Partners

Australian industry gross company profits (YY, s.a): 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%. (VIEW LINK)


David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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