Penrith City

Business trends

The number of GST registered businesses in the Penrith City increased by 170 in the Jun-24 Quarter. There were 585 new GST registrations and 415 GST cancellations.

The Australian Government recently updated ABR data coding to align with the new Australian Statistical Geography. These changes were not communicated to ABR data users and caused anomalies in our published trend data due to previous processing methods. As a result, data for the last two quarters (Dec-23 and Mar-24) has been revised. More details are available here.

The Australian Business Register (ABR) is a register of all business entities and sole traders in Australia, based on Australian Business Numbers (ABNs), maintained by the Australian Taxation Office.

While ABR business data does not pick up all operations in a region (some companies are not registered at the location where they undertake commercial operations), the time-series data can be quite insightful. It can give you an indication of the short-term impacts of macro-events, and can also offer a sign as to how favourable local conditions are to establishing new businesses during normal times.

Changes in business counts by industry can show structural shifts within the economy and identify growth and declining industries. For example, growth industries will have high entry and exit rates due to the high failure rates of first movers and smaller high growth enterprises. Declining sectors will have low entry and high exit rates.

The raw business register dataset contains large numbers of ABNs which are not relevant to local government planning, including trusts, superannuation funds, non-active businesses and micro businesses not registered for GST. These have been filtered out of the data presented here, to provide a more meaningful dataset for Local Government Decision making.

Data are presented as aggregates of ABNs at the Local Government level for each of the time period. The graph of the number of GST registered businesses, the number of new GST registered businesses, and the number of cancelled GST registerations can be selected at the 1-digit ANZSIC classification level. For more information, including actual business locations and name and address details, LGAs are entitled to access the raw ABR unit record dataset directly from the ATO.

Data source

Australian Business Register - filtered counts - Current at November 2024

loading animation
Looking for the official business count? Businesses by Industry.
Business trends by industry sector
Penrith City - All industries
QuarterNew GST RegistrationCancelled GST RegistrationNet change
Jun-2024 585415+170
Mar-2024 581300+281
Dec-2023 506421+85
Sep-2023 822608+214
Jun-2023 636336+300
Mar-2023 644359+285
Dec-2022 590431+159
Sep-2022 808805+3
Jun-2022 579465+114
Mar-2022 815307+508
Dec-2021 694307+387
Sep-2021 838520+318
Jun-2021 527239+288
Mar-2021 568272+296
Dec-2020 442255+187
Sep-2020 684369+315
Jun-2020 391193+198
Mar-2020 481257+224
Dec-2019 448297+151
Sep-2019 652464+188
Jun-2019 453263+190
Mar-2019 510189+321
Dec-2018 491183+308
Sep-2018 633314+319
Jun-2018 492377+115
Mar-2018 465190+275
Dec-2017 403290+113
Sep-2017 726487+239
Jun-2017 431386+45
Mar-2017 488183+305
Dec-2016 405256+149
Sep-2016 602534+68
Jun-2016 424374+50
Mar-2016 383209+174
Dec-2015 366359+7
Sep-2015 612488+124
Jun-2015 334356-22
Mar-2015 314356-42

Source: Australian Business Register. ©2024 Compiled and presented in economy.id by .id (informed decisions).

Please refer to specific data notes for more information

Penrith City Council

economic profile