Business Count falls in the Cassowary Coast with Construction the main culprit

The annual Business Count data for the financial year 2015-16 shows the Cassowary Coast (consisting of the three SA2 areas Innisfail, Johnstone and Tully {which includes Mission Beach and Cardwell}) lost 94 businesses between 2013-14 and 2015-16. This corresponds to a 2.9% decline across the entire region; although Johnstone saw a small 1.8% increase over the period.

 SA2 area 2014 2015 2016 14-16 chg
Innisfail 883 866 844 -4.4%
Johnstone 971 988 988 +1.8%
Tully 1367 1316 1295 -5.3%

When we consider the industry breakdown we see that Construction was the biggest decline. The sector lost 60 businesses over the two years with Tully alone losing 30. Given the ongoing weakness in Building Approvals data in the area (see here) this is perhaps no surprise.

Other sectors that lost out were Transport, Postal & Warehousing (down 13) and Rental, Hiring & Real Estate (down 25). Some sectors did see gains; Professional Services (up 10), Admin Services (up 7) and Education & Training (up 7) were amongst the few winners.

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