Australia AUD

Australia Company Gross Profits QoQ

Impact:
Medium

Latest Release:

Date:
Surprise:
2.2%
| AUD
Actual:
5.8%
Forecast: 3.6%
Previous/Revision:
1.5%
Period: Q4

Next Release:

Date:
Period: Q1
What Does It Measure?
The Australia Company Gross Profits (QoQ) measures the quarterly change in the total profits earned by businesses across various sectors in Australia. This indicator primarily focuses on corporate profitability, reflecting changes in production efficiency, pricing strategies, and overall economic conditions impacting business earnings.
Frequency
This report is typically released quarterly, providing a final figure that allows for longitudinal assessment of corporate performance, with the official data usually published about six weeks after the end of each quarter.
Why Do Traders Care?
Traders pay close attention to Company Gross Profits as they indicate business health and economic activity, which can significantly influence financial markets. Strong growth in profits is generally bullish for equities and can strengthen the Australian dollar, while disappointing results may lead to bearish sentiment on these assets.
What Is It Derived From?
The calculation of Company Gross Profits entails aggregating reported profits from a wide-ranging sample of companies, using data from financial disclosures and surveys of business activity. This data collection involves standard methods to ensure accuracy, including adjustments for seasonal variations and economic conditions.
Description
Company Gross Profits' measurements can serve as both preliminary and final reports, where preliminary estimates are based on initial company reports and may be subject to revisions, while final figures reflect a more complete dataset. This indicator typically uses a quarter-over-quarter (QoQ) comparison, highlighting profit fluctuations over a medium-term period to offer insights into corporate trends.
Additional Notes
Company Gross Profits serve as a coincident economic indicator, reflecting the current state of economic performance in relation to corporate earnings. This indicator may also be compared with other metrics such as GDP growth and consumer confidence to gauge broader economic trends and signals.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks. Lower than expected: Bearish for AUD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
5.8%
3.6%
1.5%
2.2%
0%
1.7%
-2.6%
-1.7%
-2.4%
1.2%
-1%
-3.6%
-0.5%
1.1%
6%
-1.6%
5.9%
1.5%
-4.9%
4.4%
-4.6%
0.8%
-6.8%
-5.4%
-5.3%
-0.9%
-2.5%
-4.4%
-2.5%
-0.9%
7.1%
-1.6%
7.4%
1.8%
-1.6%
5.6%
-1.3%
-0.3%
-12.1%
-1%
-13.1%
-1.9%
1.3%
-11.2%
0.5%
2%
12.7%
-1.5%
10.6%
1.5%
-11.5%
9.1%
-12.4%
0.3%
7.8%
-12.7%
7.6%
4%
9.8%
3.6%
10.2%
4%
4.6%
6.2%
2%
2%
4%
4%
3%
7.1%
1%
7.1%
3%
-0.6%
4.1%
-0.3%
3%
-4.8%
-3.3%
-6.6%
-4%
3.2%
-2.6%
3.2%
4.5%
15.8%
-1.3%
15%
-7.5%
1.4%
22.5%
1.1%
0%
-3.5%
1.1%
-3.5%
-3.5%
-0.6%
-0.8%
2%
4.8%
-2.8%
4.5%
2%
2.6%
2.5%
1.7%
3%
2.8%
-1.3%
0.8%
3%
1.2%
-2.2%
1.9%
2.8%
2.4%
-0.9%
2%
1.3%
6.5%
0.7%
5.9%
3%
2.8%
2.9%
2.2%
1.6%
-0.1%
0.6%
-0.2%
0.2%
-3.3%
-0.4%
-4.5%
-4%
5.8%
-0.5%
6%
4.5%
20.1%
1.5%
20.1%
8%
1.5%
12.1%
1%
3%
6.5%
-2%
6.9%
2%
-4.4%
4.9%
-4.7%
0%
-2.8%
-4.7%
-2.8%
-1.8%
1.4%
-1%
1.3%
1%
-0.5%
0.3%
-1.9%
-2%
-0.3%
0.1%
0.2%
0.5%
-0.4%
-0.3%