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 June quarter 2021:
- Company gross operating profits rose 7.1% seasonally adjusted
- Wages and salaries rose 2.0% seasonally adjusted
Chain volume estimates for the June quarter 2021:
- Inventories rose 0.2% seasonally adjusted
Private New Capital Expenditure and Expected Expenditure, Australia
- Total new capital expenditure rose by 4.4%
- Buildings and structures rose by 4.6%
- Equipment, plant and machinery rose by 4.3%
- Estimate 3 for 2021-22 is $127,701m. This is 12.5% higher than Estimate 2 for 2021-22
Monthly Business Turnover Indicator
In seasonally adjusted terms, the monthly business turnover indicator showed:
- Moderate increases for most selected industries in August 2021.
- The largest rises were in Transport, postal and warehousing (2.8%) and Professional, scientific and technical services (2.7%).
- Accommodation and food services fell 6.5% in August 2021, following a 16.6% fall in July 2021.
- Mining was relatively unchanged in August 2021 (up 0.1%), after a 4.6% rise in July 2021.
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.