25 Mar REMPLAN Data Update – Insights from the latest Business Counts Data

We are pleased to advise that all public-access REMPLAN Economy and Community profiles have now been updated with the latest area-specific Counts of Australian Businesses (June 2013 to June 2017). This data was recently released by the Australian Bureau of Statistics.

At the end of 2016-17, there were 2,238,299 actively trading businesses in the market sector in Australia, an increase of 3.1% (66,755 units) from the end of 2015-16. Almost one-quarter of this increase (24.2%) is due to growth in the Transport, Postal and Warehousing Industry, which increased by 12.1% (16,160 units) during 2016-17.

Mining showed the largest percentage decrease from 2015-16 (down 1.2% or 94 units), and Agriculture, Forestry and Fishing showed the largest decrease in terms of the number of businesses from 2015-16 (down 1,110 units or 0.6%), and also had the lowest entry rate (7.3%) of businesses in 2016-17.

Of businesses operating at the end of 2012-13, those in the Health Care and Social Assistance industry had the highest survival rate at the end of 2016-17 (75.0%), whilst businesses in the Accommodation and Food Services industry had the lowest survival rate (54.6%).

During 2016-17, all States and Territories experienced an increase in business counts.  Over this period, the largest percentage increase was in the Australian Capital Territory (4.5%; 1,191 units), followed by New South Wales (3.6%; 26,363 units) and Victoria (3.6%; 20,716 units).

Source:  Australian Bureau of Statistics

Access your public profile now to see the latest business counts data for your region.

Please contact the team at REMPLAN if you have any questions regarding this update.
We are also available to provide REMPLAN software training, presentations and management briefings.

Let’s Talk:  1300 737 443.

Kind Regards,
The REMPLAN team