This latest update of Business Counts from the Australian Bureau of Statistics (ABS) is for June 2016. The June 2014 and June 2015 estimates have also been revised. The data features business counts by industry sector, by employment range and turnover range.
The ABS has noted that ‘...As of June 30 2016, the number of actively trading businesses in the market sector was 2,171,544, an increase of 2.4% from 30 June 2015. From 2014-15 to 2015-16 there was a moderate increase in the business entry rate (from 13.4% to 14.6%) and a small decrease in business exit rate (from 12.4% to 12.3%).
All States and Territories experienced increased business counts from June 2015 to June 2016. New South Wales recorded the largest annual increase over this year (3.0%), followed by the Australian Capital Territory and Victoria (2.9% and 2.8% respectively). Tasmania experienced the lowest growth in business counts during this year (0.4%)...
Industry Construction (Division E) had the largest growth in business counts, increasing by 11,967 units (3.5%) from June 2015 to June 2016. Financial and Insurance Services (Division K) business counts grew the fastest in percentage terms with an increase of 4.7% (8,705 units) between June 2015 and June 2016...’To see how your region is performing relative to Australia, see our online public access economic and community profiles. Here are some examples:
Click on the 'Trends' tab at the top right hand side of the screen, then select the heading 'Business Counts (Staff)' or 'Business Counts (Turnover)' from the sub-menu. Please click on the image below to view an example of the business counts data:
The next release of business counts data is scheduled for February 2018.
The team at REMPLAN are busy preparing for the release of the 2016 Census data later in the year. Stay tuned for more details!
For more information regarding business counts and other economic indicators, please contact the team at REMPLAN, telephone: 1300 737 443.