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1301.0 - Year Book Australia, 2012  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 24/05/2012   
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Industry structure and performance

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.


15.7 BUSINESSES BY INDUSTRY DIVISION—2010–11
Operating at start of financial year
Entries
Exits
Operating at end of financial year
Change
Percentage change
Entry rate
Exit rate
ANZSIC Division(a)
no.
no.
no.
no.
no.
%
%
%

Agriculture, forestry and fishing
203 713
13 747
19 297
198 163
–5 550
–2.7
6.8
9.5
Mining
7 828
1 226
899
8 155
327
4.2
15.7
11.5
Manufacturing
91 593
9 285
10 650
90 228
–1 365
–1.5
10.1
11.6
Electricity, gas, water and waste services
5 702
888
728
5 862
160
2.8
15.6
12.8
Construction
350 366
52 867
51 343
351 890
1 524
0.4
15.1
14.6
Wholesale trade
78 938
10 398
10 089
79 247
309
0.4
13.2
12.8
Retail trade
143 681
20 919
20 921
143 679
–2
14.6
14.6
Accommodation and food services
80 127
14 444
12 831
81 740
1 613
2.0
18.0
16.0
Transport, postal and warehousing
135 045
18 148
21 128
132 065
–2 980
–2.2
13.4
15.7
Information media and telecommunications
18 635
2 969
2 750
18 854
219
1.2
15.9
14.8
Financial and insurance services
160 936
21 944
18 442
164 438
3 502
2.2
13.6
11.5
Rental, hiring and real estate services
224 499
22 912
21 254
226 157
1 658
0.7
10.2
9.5
Professional, scientific and technical services
246 285
36 664
32 336
250 613
4 328
1.8
14.9
13.1
Administrative and support services
81 518
14 697
14 096
82 119
601
0.7
18.0
17.3
Public administration and safety
7 840
1 344
1 402
7 782
–58
–0.7
17.1
17.9
Education and training
25 799
3 952
3 621
26 130
331
1.3
15.3
14.0
Health care and social assistance
97 611
11 404
8 004
101 011
3 400
3.5
11.7
8.2
Arts and recreation services
27 962
3 904
4 169
27 697
–265
–1.0
14.0
14.9
Other services
88 920
12 736
12 165
89 491
571
0.6
14.3
13.7
Currently unknown(b)
47 652
19 762
20 323
47 091
–561
np
np
np
All industries
2 124 650
294 210
286 448
2 132 412
7 762
0.4
13.9
13.5

np not available for publication but included in totals where applicable, unless otherwise indicated
nil or rounded to zero (including null cells)
(a) Classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006 (1292.0).
(b) This category consists of businesses that are yet to be coded to an industry.
Source: Counts of Australian Businesses, including Entries and Exits, June 2007 to June 2011 (8165.0).


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%).

15.8   BUSINESS ENTRY AND EXIT RATES(a)—2010–11



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).

15.9   2007–08 BUSINESS ENTRIES, Survival rate—June 2009, June 2010, June 2011

 

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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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