The industries set to fly and fall in 2018

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 […]

SmartCompany 12 January, 2018

dairy platfarm farmers — The group says Australian banks have used predatory lending or asset-based lending. Source: Unsplash

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%.

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