The industries set to fly and fall in 2018

Cattle grazing in the open meadows in Australia

SmartCompany | SmartCompany


 As Australian companies welcome the new year, IBISWorld reveals the top five industries expected to grow — and shrink — over coming months. 

The top predicted performer for 2017-18 is the wind and other electricity generation industry, with a bumper year of 35.3% growth anticipated.

IBISWorld anticipates that sports and recreation facilities operation, dairy cattle farming, petroleum exploration and nature reserves and conservation parks will round out the top five best performers.

At the top of the list of industries facing a less fortunate 12 months is the motor vehicle manufacturing industry, with revenue projected to decline by 43.1%.

Other industries anticipated to face revenue declines include intellectual property leasing, outdoor vegetable growing, sugar manufacturing and concreting services.

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Source: The industries set to fly and fall in 2018