Financial News: Australia Company Gross Operating Profits Rise 1.8% In

Australia Company Gross Operating Profits Rise 1.8% In Q2

08/30/2026 - 21:53:00 (RTTNews)

(RTTNews) - Company gross operating profits in Australia were up a seasonally adjusted 1.8 percent on quarter in the second quarter of 2026, the Australian Bureau of Statistics said on Monday.

That missed expectations for an increase of 2.0 percent following the 1.5 percent decline in the three months prior.

On a yearly basis, profits were up 7.4 percent.

The increase was driven by support from the mining, technical service and manufacturing sectors, while retail and wholesale trade were down.

Wages and salaries rose 1.4 percent on quarter and 5.7 percent on year, while inventories dipped 0.2 percent on quarter and 0.4 percent on year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Unexpectedly Edges Lower In August (31 min(s), 49 sec(s) ago)
(RTTNews) - A report released the Conference Board on Friday unexpectedly showed a modest decrease ...Full Story»

U.S. Industrial Production Unexpectedly Flat In August (23 min(s), 49 sec(s) ago)
(RTTNews) - With a jump in utilities output offset by a decrease in manufacturing output, the Fede ...Full Story»

UK Retail Sales Recover Unexpectedly (40 min(s), 49 sec(s) ago)
(RTTNews) - UK retail sales rebounded unexpectedly in August as online shopping and warm weather d ...Full Story»

Eurozone Current Account Surplus Declines (03 min(s), 49 sec(s) ago)
(RTTNews) - The euro area current account surplus declined in July largely due to the decline in p ...Full Story»

Portugal Producer Price Inflation Highest Since February 2023 (49 sec(s) ago)
(RTTNews) - Portugal's producer price inflation accelerated further in August to the highest l ...Full Story»

German Producer Price Inflation Strongest Since 2023 (14 min(s), 49 sec(s) ago)
(RTTNews) - Germany's producer prices increased at the fastest pace in more than three years i ...Full Story»

Italy Construction Output Falls 1.4% (09 min(s), 49 sec(s) ago)
(RTTNews) - Italy's construction output contracted for the second straight month in July, acco ...Full Story»

Italy Current Account Surplus Shrinks In July (39 min(s), 49 sec(s) ago)
(RTTNews) - Italy's current account surplus decreased in July from the previous year, the Bank ...Full Story»