Profits before income tax earned by incorporated manufacturing businesses with 20 or more employees decreased by 2.7% between 1999-2000 and 2000-01, following an increase of 9.7% from 1998-99 to 1999-2000 (table 19.19). Profits rose between 1999-2000 and 2000-01 in three of the nine manufacturing subdivisions; by far the largest increase was recorded in Metal product manufacturing ($1,059m, or 95.9%) which is an increase of 333.5% in profits since 1998-99. Large declines occurred between 1999-2000 and 2000-01 in Other manufacturing (by 69.0%), Non-metallic mineral product manufacturing (by 40.1%), Textile, clothing, footwear and leather manufacturing (by 37.2%), and Petroleum, coal, chemical and associated product manufacturing (by 32.0%).
Industry subdivisions contributing most to manufacturing industry profits for 2000-01 were Food, beverage and tobacco manufacturing (27.3%), Metal product manufacturing (18.5%), Machinery and equipment manufacturing (13.6%), Petroleum, coal, chemical and associated product manufacturing (13.5%), and Printing, publishing and recorded media (11.1%).
19.19 PROFITS BEFORE INCOME TAX, Current prices(a)
|
 | 1998-99 | 1999-2000 | 2000-01 |
| Industry subdivision | $m | $m | $m |
|
| Food, beverage and tobacco manufacturing | 3,115 | 2,798 | 3,191 |
| Textile, clothing, footwear and leather manufacturing | 167 | 285 | 179 |
| Wood and paper product manufacturing | 901 | 996 | 926 |
| Printing, publishing and recorded media | 1,421 | 1,657 | 1,292 |
| Petroleum, coal, chemical and associated product manufacturing | 2,284 | 2,314 | 1,574 |
| Non-metallic mineral product manufacturing | 895 | 1,169 | 700 |
| Metal product manufacturing | 499 | 1,104 | 2,163 |
| Machinery and equipment manufacturing | 1,540 | 1,454 | 1,582 |
| Other manufacturing | 110 | 213 | 66 |
| Total manufacturing | 10,927 | 11,992 | 11,671 |
|
| (a) The annual estimates are the sum of the four quarters' estimates in the year. |
Source: Business Indicators, Australia (5676.0). |
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