Top industries for 2013

by |

As Australian companies prepare for the new financial year, business information analysts at IBISWorld reveal the industries set to soar and sink in 2013-14.

Planners have secured their spot at the top, with the Superannuation industry at number one.

IBISWorld expect an impressive 40.5% rise in revenue in 2013-14, from $230,978 million in 2012-13 to $324,582 million in 2013-14.

Analysing the latest forecasts, IBISWorld general manager (Australia) Karen Dobie said superannuation funds' revenue will be closely linked to the growth of Australian and global share markets.

“Though these markets are highly volatile, the share market drops in 2012-13 mean we're starting the new financial year from a low base – a good position from which to generate solid returns. Rising superannuation revenue will also be a result of low unemployment and the 0.25% increase in compulsory contributions this financial year,” said Dobie.

Superannuation was followed by iron ore mining, wind and other electricity generation, online shopping and internet publishing and broadcasting.

The industries that might prefer the new financial year not to start at all include video and DVD hire outlets, automotive electrical component manufacturing, heavy industry and other non-building construction, book publishing and mineral exploration, as these industries are forecast to decline.

More stories:

The rising trend of self-licensing

Synchron: Compliance, SOAs and vertical integration

Fidelity's future in safe hands

 

  • Rosemary Johnston on 5/07/2013 11:00:24 AM

    I think Another Mad Planner is a little short sighted. Property Investment Advice will most likely be a regulated area with ASIC in the future and a specialist part of Financial Planning in all likelihood. Why are you so dismissive of something that is seeking to support this objective and provide a quality service to clients that is in their best interests unlike real estate services?

  • Another Mad Planner on 5/07/2013 10:43:53 AM

    I assume that this is you - Rosemary Johnstone - Advisory Board Member at The Property Investment Association of Australia (Linkedin). Get rid of your spruikers and then talk about professionalism.

    Your comment is not relevant to this topic

  • Rosemary Johnston on 5/07/2013 9:36:28 AM

    Property is a key asset in SMSF considerations and investors desperately need some support in choosing 'professionals' for their investment decisions. We need a recognised specialist sector for property investment advice with an educational barrier, professional indemnity insurance protection for referral partners and the client, and membership of a professional association that is willing to take appropriate disciplinary action. Government recognition of these professionals would go a long way to supporting investors having a fair go at buying a market priced asset that is supportive of their long term goals and time frames.

WP forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions