In Australia, according to a monthly survey conducted with key decision makers within small and medium businesses, 50 percent of these businesses made a profit in May 2024. This is down nine percent from the previous month of April 2024.
Profitability of small and medium Enterprises (SME's) in Australia 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.
Original question: 'What was your profit margin last month?'.
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fifth quadrant. (May 8, 2024). Profitability of small and medium Enterprises (SME's) in Australia from May 2023 to May 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1477652/australia-profitability-of-smes/
fifth quadrant. "Profitability of small and medium Enterprises (SME's) in Australia from May 2023 to May 2024." Chart. May 8, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1477652/australia-profitability-of-smes/
fifth quadrant. (2024). Profitability of small and medium Enterprises (SME's) in Australia from May 2023 to May 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1477652/australia-profitability-of-smes/
fifth quadrant. "Profitability of Small and Medium Enterprises (Sme's) in Australia from May 2023 to May 2024." Statista, Statista Inc., 8 May 2024, https://www.statista.com/statistics/1477652/australia-profitability-of-smes/
fifth quadrant, Profitability of small and medium Enterprises (SME's) in Australia from May 2023 to May 2024 Statista, https://www.statista.com/statistics/1477652/australia-profitability-of-smes/ (last visited December 22, 2024)
Profitability of small and medium Enterprises (SME's) in Australia from May 2023 to May 2024 [Graph], fifth quadrant, May 8, 2024. [Online]. Available: https://www.statista.com/statistics/1477652/australia-profitability-of-smes/
