Download - Australian Mid-Market Report 2014
Imagination at work.
Aaron Baxter, Managing Director - CommercialGE Capital Australia & New Zealand
Mid-Market at the forefront “Changing Landscape”
Economic Backdrop in which we operate today
Taking a closer look at major events in 2013 shaping the Australian Business landscape “MALAYSIA-AUSTRALIA FTA (MAFTA) - The most recent Australia FTA to come into effect. Trade with Australia: AU$17.2 billion ” January 2013
“Rio Tinto CEO Tom Albanese ousted after the miner announces botched Mozambique mine investment worth $14 billion”January 2013
“S & P/ASX200 index passes the 5000-point February 2013
2013 - a year of volatility and some stability“The Australian economy is going through significant change,
with multiple, long-term forces restructuring our economy”
“The official interest rates drop to the lowest in Australian history at 2.5 per cent.August 2013
“Qantas' heavy maintenance base at Avalon closes with the loss of 300 jobs.November 2013“Qantas announces at least 1000 job cuts after forecasting a $300 million half-yearly loss. December 2013
“Holden announces it will stop manufacturing in Australia in 2017. December 2013
September 2013
Mid-Market businesses stay confident and committed to the Australian economy
Contributes one third of Australian business revenues
27,500 Mid-Market businesses in the Australian economy
Contr
ibute
s one f
ourt
h of
Aust
ralia
n f
ull
tim
e jobs
Contr
ibute
s $
42
5bn t
o t
he
Aust
ralia
n G
DP
In 2013 the sector has bounced back with positive sentiment
Fact sheet
Mid-Market Growth Outlook disparate: Changing economic geography
Mid-Market Manufacturing Construction Transport & Storage
Wholesale trade Business & Property
Mining and Others
Retail trade
-0.05
0.00
0.05
0.10
0.15
0.20
0.25
0.11
0.00
0.070.08
0.100.12
0.13
0.18
Jan to Jun-12 Jul to Dec-12 Jan to Jun-13 Jul to Dec-13
Busi
ness
Gro
wth
Out
look
Inde
x
Note: All data based on a 6-month rolled measures. Average sample sizes: n-1,550;
‘Two Speed’ economy distinction rapidly blurs as industry reshuffles
Mid-Market businesses strive to strike a balance given the current economic environment
COST GROWTH
They continue to strike a balance between managing cost and increasing revenue
1. Slow demand across the economy2. High value of the Australian dollar & the challenge of global
competition; and,3. Rising cost of doing business.
Productivity - the key to Mid-Market's growth
An emerging trend “Jobless growth” driven by
1. Efficient utilization of a mix of technological developments,
2. Advanced manufacturing initiatives 3. Developing online or cloud-based markets and 4. Increased focus to improve profitability despite cost
pressuresChanging nature of workforce
Our focus this year : Three key Industries
GE Capital supports Mid-Market businesses
Title or Job Number | XX Month 201X See tutorial regarding confidentiality disclosures.
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Read the full report to see how the year’s events have impacted the Australian Mid-Market, and what this means for your business over the coming period:
2014 Australian Mid-Market Report
2014 Mid-Market Report is available now!