Plumbing Connection

Main Menu

  • News
  • Products
    • Backflow Prevention
    • Drainage & Venting
    • Fire Services
    • Hot Water
    • HVAC
    • Pipes & Fittings
    • Sanitary Equipment
    • Tapware & Fittings
    • Tools & Equipment
  • Codes, Standards & Regulations

logo

Plumbing Connection

  • News
  • Products
    • Backflow Prevention
    • Drainage & Venting
    • Fire Services
    • Hot Water
    • HVAC
    • Pipes & Fittings
    • Sanitary Equipment
    • Tapware & Fittings
    • Tools & Equipment
  • Codes, Standards & Regulations
News
Home›News›Australian small businesses in economic decline, plumbing and HVAC sectors rising

Australian small businesses in economic decline, plumbing and HVAC sectors rising

By Sean Carroll
03/10/2019
330
0

Research from Invoice2go found that Australian micro businesses generated $8,315 less revenue for the 2019 financial year than in the previous. This aligned with the recordings that there was negative growth across all sectors except one: plumbing and HVAC.

There are concerns for the small business economy if the downward trend continues through the third quarter in 2019, something that could be defined as a recession.

The plumbing and HVAC sector experienced 3.8% growth and the increased invoiced amount rose from $132,166 to $137,150.

Invoice2go compiled its data from its 29,629 Australian users determined by the average dollar amount invoiced per month by local businesses in each industry.

Previous Article

Loom: weaving style into your bathroom

Next Article

Building Physics Forum 2019

Advertisement

Sign up to our newsletter

Advertisement

Lastest posts

  • Megaflo Green providing an alternative option to PVC drain pipes
  • Milwaukee unveils next-gen heated gear
  • Where are we on lead-free?
  • A modular movement: Can prefab homes tackle the housing crisis?
  • Not one, not two, not three, but 37 microskills!
  • Home
  • About Plumbing Connection
  • Download Media Kit
  • Contribute
  • Contact Us