ABS stats grim reading for transport industry


ABS figures released today make grim reading for companies in the broad transport, postal and warehousing sector

By Rob McKay | June 30, 2010

Australian Bureau of Statistics figures released today make grim reading for companies in the broad transport, postal and warehousing sector.

The quarterly growth trend in company profits before tax in the sector in the last three quarters was downward at 8.1 percent, 4.7 percent and 1.9 percent.

Pay rose in sector by 4.5 percent in 2008-09, compared with 4 percent for each of the two previous financial years.

However, quarterly changes this financial year show the pay growth rate falling from 1.5 percent in the September quarter to 1 percent in the December quarter and 0.5 percent in the March quarter.

The mining sector, which often competes for workers with transport, showed a growth rate precisely the reverse, while construction was steady at 0.6 percent.

These figures compare with 0.9 percent, 0.7 percent and 0.9 percent across all industries.

Commercial vehicle sales have shown a patchy rebound after falling about 36 percent in January and 16.5 percent in April, the latest Australian Bureau of Statistics figures released today show.

May’s figures for vehicles other than passenger and sports utility that were sold was 18,703, compared with April’s 16,178 and 19,384 in March.

The plunge in January had come after hefty sales in November and December of 20,414 and 22,469 and can be seen as something of an anomaly.

Yearly sales were up 13.1 percent in 2007-08 but that fell last financial year by 8.7 percent.

The figures are in the ABS’s Australian Economic Indicators, June 2010 report.

It can be found here.


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