Against the backdrop of free trade agreements, IBISWorld has compiled a list of the nation’s top 20 industries by growth in exports over the five years through 2015-16. According to IBISWorld, the top 20 exporting industries by growth in merchandise exports, excluding services, are estimated to be worth $22.3 billion in 2015-16. Merchandise trade, which […]
The pathology services and diagnostic imaging services industries have grown strongly over the past five years. Australia’s ageing population has increased the incidence of chronic illness, driving demand for both industries. However, in the 2015 Mid-Year Economic and Fiscal Outlook (MYEFO) the Federal Government announced measures to change pathology and diagnostic imaging bulk-billing incentives (additional […]
It is no secret that the Australian motor vehicle manufacturing industry is facing difficult times. Increased import penetration and a lack of local economies of scale have prompted Toyota, GM Holden and Ford to announce their exits from the industry. Ford is scheduled to cease local production in October 2016, while Toyota and GM Holden […]
The rise of online retailing at the expense of bricks-and-mortar stores has been well documented. Overseas retailers have thus far been the primary beneficiaries of this shift. The strong Australian dollar and significant web presence of companies like ASOS, the Book Depository and Amazon have made online shopping from overseas retailers easy and affordable for […]
Having unseated the incumbent government, the Coalition will now look to follow up on its election promises. IBISWorld is currently investigating the potential effects of the new government’s policies on key industries, including energy, education and infrastructure. A Special Report on our findings will be available here from 25 September.
Consumer sentiment down 0.1% to 102.1 The consumer sentiment index is an average of five sub-indexes. To gauge consumer sentiment, 1,200 Australians are interviewed during the first week of the month and are asked about the following: their household financial situation over the past year and the coming year, anticipated economic conditions over the coming […]