12 Apr REMPLAN Data Update – Insights from the latest Business Counts Data

We are pleased to advise you that all public-access REMPLAN Economy and Community profiles have now been updated with the latest area-specific Counts of Australian Businesses (June 2014 to June 2018). This data has recently been released by the Australian Bureau of Statistics (ABS).

At the end of 2017-18, there were 2,313,291 actively trading businesses in the market sector in Australia, an increase of 3.4% (74,992 businesses) from the end of 2016-17. During this period, the rates of businesses entering the market sector in Australia (15.8%), and those exiting (12.5%), were higher than in the previous year (15.1% and 12.0%, respectively).

Source: Australian Bureau of Statistics

Below are key findings from the Australian Bureau of Statistics:

• Construction continues to be the industry with the largest number of businesses in Australia, accounting for 16.6% or 383,326 of all businesses.
• One-third (33.7%) of the annual increase in businesses in Australia is due to growth in the Transport, Postal and Warehousing industry, which increased by 16.8% (25,247 businesses).
• The Transport, Postal and Warehousing industry also had the highest rate for businesses entering (33.6%) the Australian economy in 2017-18.
• The annual growth in Transport, Postal and Warehousing businesses during 2017-18 is driven by Taxi and Other Road Transport, which increased 39.1% (9,899 businesses) and Other Transport Support Services (not elsewhere classified), which increased 29.4% (11,801 businesses). Together, these Industry Classes account for 86% of the growth in Transport, Postal and Warehousing. This growth has continued since 2015 when legislation was passed requiring ride share drivers to register as businesses.
• Two industry sectors showed an annual decrease in business counts in 2017-18. Agriculture, Forestry and Fishing showed the largest decrease from 2016-17 (down 0.9% or 1,634 businesses) as well as the lowest entry rate (7.2%) of businesses in 2017-18. Mining showed an annual decrease of 0.5% (37 businesses).

Access your public profile now to see the latest business counts data for your region.
The example below is for Latrobe City, VIC:

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