So the company profit figures came out today, and this is what it looks like from a longer term perspective.
Gross company operating profits:
Stalling.
Here are the various sector's operating profits as a percentage of total gross operating profits: Going clockwise, center axis is in %:
Dates get a bit cramped there sorry about that. That same data but in heatmap form:
If manufacturing can't get back off the floor, I think it would be safe to say the 'transition' from mining will be a very ugly one from a profit perspective. Originally my view was that the RBA had mainly mining in mind when talking down the AUD, but from that data, it's easy to see that they'd probably appreciate manufacturing bouncing back. Whether it will or not who knows.
Manufacturing sales:
No sign of the AUD helping much.
Now for wages. This is a heatmap of wages by sector as a % of total wages:
So, the money in terms of profits overwhelmingly heads to mining yet for wages it's a little more balanced. Found it interesting that the property boom hasn't translated to more wages heading into finance (greedy SOBs). Probably many reasons for that.
