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Article: Fed: Small business growth rate declines ABS
- Article from:
- AAP General News (Australia)
- Article date:
- May 23, 2000
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AAP General News (Australia)
05-23-2000
Fed: Small business growth rate declines ABS
CANBERRA, May 23 AAP - Growth in the number of Australian small businesses slowed over
the past three years, the Australian Bureau of Statistics (ABS) said today.
The annual growth rate for the three years to 1998-1999 slowed to two per cent from
3.7 per cent over the previous 15 years that data has been collected.
The ABS attributed the easing in the growth rate to a decline of 0.4 per cent in the
number of small businesses that did not have employees.
Offsetting this, the number of small businesses with employees increased by 4.2 per
cent a year over the three ...