Medium-size enterprises tougher than the rest

| October 29, 2010

Medium-sized enterprises demonstrated the highest survival rates during the economic downturn according to the latest report from the Australian Bureau of Statistics (ABS).

Fewer new businesses were registered last year, to bring the number of actively trading enterprises in Australia down by 1 per cent. Australia has more than 2 million registered businesses. Medium-size enterprises held steady at 4 per cent of all actively trading businesses.

Nearly two-thirds of all businesses do not employ staff in Australia. Mid-size companies make up 10.2 per cent of all businesses that do employ staff.

The overall business exit rate remained steady year-on-year at 15.4 per cent. Mid-size companies had the lowest exit rate of any category at 7.1 per cent.

The number of entries into the medium-size category remained unchanged at 4%.

Most enterprises are in the construction industry at 17 per cent, followed by professional, scientific and technical services at 11 per cent.

For more: ABS Counts of Australian Businesses June 2007 to June 2009