1301.0 - Year Book Australia, 2012
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/05/2012
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Statistics contained in the Year Book are the most recent available at the time of preparation. In many cases, the ABS website and the websites of other organisations provide access to more recent data. Each Year Book table or graph and the bibliography at the end of each chapter provides hyperlinks to the most up to date data release where available.
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AUSTRALIAN INDUSTRY BUSINESS ENTRIES AND EXITS
This section provides counts and details of the flow of Australian businesses into and out of the Australian economy, including business survival rates for business entries. Data were sourced from the ABS Business Register (ABSBR) and only include businesses that actively traded in goods and services during the reference period. Entities classified to the general government institutional sector were excluded for most industries. This exclusion particularly affects data for the Public administration and safety, Education and training and Health care and social assistance industries, where details relate only to private sector businesses. The term 'total selected industries' is used to refer to the aggregate of the industries included in this section.
Table 15.7 shows the number of actively trading businesses in Australia at the start and end of 2010–11. The number of businesses operating in the total selected industries at June 2011 was 2,132,412. This compares with 2,124,650 businesses operating at June 2010 (an increase of 0.4% during the period). Construction had the greatest number of businesses at June 2011 (351,890 or 17% of the total). This was followed by Professional, scientific and technical services with 250,613 (12%), Rental, hiring and real estate services with 226,157 (11%) and Agriculture, forestry and fishing with 198,163 (9%). There was a marked decline (–3%) in businesses within the Agriculture, forestry and fishing industry during the period.
— nil or rounded to zero (including null cells)
(b) This category consists of businesses that are yet to be coded to an industry.
Graph 15.8 shows that in 2010–11, there were five industries (Agriculture, forestry and fishing; Manufacturing; Transport, postal and warehousing; Public administration and safety; and Arts and recreation services) where the business exit rates exceeded business entry rates. For Retail trade, the number of entries and exits were about equal, while for the remaining industries there were more entrants than exits.
Of particular note, was the growth of the Mining and Health care and social assistance industries between June 2010 and June 2011. In that period, the Mining industry grew from 7,828 businesses to 8,155 businesses, an increase of 327 (4.2%). In the same period, the Health care and social assistance industry grew by 3,400 businesses (3.5%).
Graph 15.9 shows survival rates at June 2009, June 2010 and June 2011 for business entries in 2007–08. Survival rates of business entries in 2007–08 at June 2011 were highest for businesses in the Health care and social assistance and the Rental, hiring and real estate services industries. Survival rates for these industries (62% and 56% respectively) were both higher than the total of all industries average (49%). Survival rates at June 2011 were lowest for Public administration and safety and Administrative and support services (38% and 41% respectively).
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