As of May 2024, approximately 33 percent of small and medium enterprises (SMEs) across Australia reported a decline in their monthly revenue in comparison to 12 months earlier. This is less than the previous May, where 34 percent reported a decline in their monthly revenue compared to the prior 12 months.
Share of small and medium enterprises (SMEs) whose monthly revenue declined in comparison to 12 months ago from May 2023 to May 2024
Key decision makers/influencers at small and medium enterprises from all industry sectors across Australia responded to the survey. Data is weighted to reflect the distribution by industry, number of employees, and state.
Supplementary notes
Businesses with between 1-500 employees included in sample.
Survey question: how does your current monthly revenue compare to your monthly revenue 12 months ago?
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fifth quadrant. (June 12, 2024). Share of small and medium enterprises (SMEs) whose monthly revenue declined in comparison to 12 months ago from May 2023 to May 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1373420/australia-share-of-smes-whose-revenue-declined/
fifth quadrant. "Share of small and medium enterprises (SMEs) whose monthly revenue declined in comparison to 12 months ago from May 2023 to May 2024." Chart. June 12, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1373420/australia-share-of-smes-whose-revenue-declined/
fifth quadrant. (2024). Share of small and medium enterprises (SMEs) whose monthly revenue declined in comparison to 12 months ago from May 2023 to May 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1373420/australia-share-of-smes-whose-revenue-declined/
fifth quadrant. "Share of Small and Medium Enterprises (Smes) Whose Monthly Revenue Declined in Comparison to 12 Months Ago from May 2023 to May 2024." Statista, Statista Inc., 12 Jun 2024, https://www.statista.com/statistics/1373420/australia-share-of-smes-whose-revenue-declined/
fifth quadrant, Share of small and medium enterprises (SMEs) whose monthly revenue declined in comparison to 12 months ago from May 2023 to May 2024 Statista, https://www.statista.com/statistics/1373420/australia-share-of-smes-whose-revenue-declined/ (last visited December 22, 2024)
Share of small and medium enterprises (SMEs) whose monthly revenue declined in comparison to 12 months ago from May 2023 to May 2024 [Graph], fifth quadrant, June 12, 2024. [Online]. Available: https://www.statista.com/statistics/1373420/australia-share-of-smes-whose-revenue-declined/
