Advertisement
The ABS today released its survey of Australian Industry for 2014-15, which revealed that the private Health care and social assistance industry is booming recording strong growth across all key data items (see below table).
According to the ABS, sales and service income for the private Health care and social assistance industry grew by 13.8% to $84.2 billion and industry value added (IVA) grew by 12.8% to $76.7 billion. Employment for this industry also increased by approximately 51,000 people (5%), with wages and salaries increasing by 10.3% to $46.5 billion.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Advertisement