Business Conditions and Sentiments
In June, 27% of businesses reported having difficulty finding suitable staff to fill jobs.
Almost one in five (19%) businesses did not have enough staff based on current operations.
Nearly a quarter (23%) of businesses expect to increase staff numbers over the next three months.
Business Indicators, Australia
Current price estimates for the September quarter 2021:
- Company gross operating profits rose 4.0% seasonally adjusted
- Wages and salaries fell 0.8% seasonally adjusted
Chain volume estimates for the September quarter 2021:
- Inventories fell 1.9% seasonally adjusted
Private New Capital Expenditure and Expected Expenditure, Australia
- Total new capital expenditure fell by 2.2%
- Buildings and structures fell by 0.2%
- Equipment, plant and machinery fell by 4.1%
- Estimate 4 for 2021-22 is $138.6b. This is 8.7% higher than Estimate 3 for 2021-22
Monthly Business Turnover Indicator
In seasonally adjusted terms, the monthly business turnover indicator showed:
- Falls in 8 of the 13 published industries in September 2021
- The largest decreases were in Electricity, gas, water and waste services (-8.2%) and Construction (-3.7%)
- Accommodation and food services recorded the largest rise (2.2%) following four months of consecutive falls
- Mining fell slightly (-0.3%) although showed a strong increase through the year to September 2021 (40.1%)
Counts of Australian Businesses, including Entries and Exits
At June 30 2021 there were 2,402,254 actively trading businesses in the Australian economy.
In 2020-21 there was a:
- 3.8%, or 87,806, increase in the number of businesses.
- 15.8% entry rate, with 365,480 entries.
- 12.0% exit rate, with 277,674 exits.
Information on quarterly experimental counts of Australian businesses for the 5 quarters ending June 2021 can be found below and in the associated data cube.