The Aussie industries where jobs are most at risk
Business orders are at a record low as Australians cut spending, but some industries are more at risk than others.
CreditorWatch has released data showing which businesses are struggling the most, and the least.
The average predicted business failure rate in the next 12 months is 5.1 per cent, but some industries well outstrip that.
16. Agriculture, forestry, fishing
The failure rate in the next 12 months is forecast to rise from 3.14 per cent to 4.03 per cent.
15. Wholesale Trade
Wholesale trade businesses have a forecast failure rate of 4.23 per cent in the next 12 months, up from 4.09 per cent.
14. Manufacturing
Manufacturing businesses will actually be more secure, it's predicted, with the failure rate in the next year falling from 4.53 per cent to 4.43 per cent.
13. Professional, scientific, and technical services
In the next 12 months, businesses in this arena are predicted to fold at a rate of 4.51 per cent, up from 4.2 per cent.
12. Mining
Even the mining sector is not exempt, with the business failure rate predicted to rise form 4.7 per cent to 4.76 per cent.
11. Construction
The booming construction industry is a surer bet, with failure rates predicted to decline from 5.12 per cent to 4.86 per cent.
8. Retail trade
Only a slight rise to the failure rate forecast in retail trade, from 4.95 per cent to 4.99 per cent.
We're still below the average, but from here, that changes.
6. Financial and Insurance Services
This has seen a bit of a jump - from a failure rate of 3.89 per cent to a forecast of 5.24 per cent.
4. Education and Training
The failure rate for these businesses is forecast to rise from 4.57 per cent to 5.39 per cent.
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