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Firms plan to grow

WA FIRMS have greater intentions to expand their business than any other state according to results of the 1997 Business Longitudinal Survey.

The results show WA firms were the most likely to be planning to increase production and to increase the range of goods and services.

Across the range of eleven business activities, firms in WA emerged as the most likely to be planning changes in the next three years. Firms in NSW are the least likely to be planning change.

Businesses employing more than twenty staff had a greater propensity to increase production.

In WA, 74 per cent of businesses surveyed said they had intentions of significantly increasing production or services compared to the national average of 54 per cent.

Small businesses with fewer than twenty workers were less inclined to expand their services.

Only 34 per cent of small WA firms intended increasing their business. This still compared favourably with the national average of 29 per cent.

Approximately 52 per cent of small WA firms had no intention of expanding while more than 60 per cent of firms in South Australia, Tasmania, and the Territories had no intention to expand.

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