Small businesses record five per cent sales growth

Small businesses recorded sales growth of nearly five per cent year-on-year in August 2012, and by more than three per cent over the year to the three months to August.

According to a new report released by ANZ Bank, Western Australian firms were the strongest performers, with sales growth of 6.5 per cent year-on-year, partly a result of a marked increase in resources investment in the state. This was followed by solid growth in the Northern Territory (3.7 per cent) and New South Wales (3.6 per cent) over the past 12 months.

By sector, automotive small businesses - which include those providing car services, accessories and maintenance - recorded the biggest improvement in sales results with year-on-year growth of 6.6 per cent. Accommodation businesses also saw a 5.6 per cent growth in their sales over the year to August 2012, contributing to the 5.4 per cent rise overall for non-retail businesses.

On the contrary, retail businesses exhibited growth of less than two per cent year-on-year for the three months to August, in particular those selling non-food items.

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