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Soar or Slip: Top Australian Industries and 2015 Market Predictions

Despite the continuing drop of crude oil prices around the world, there may still be some good news available for Australia’s energy, manufacturing, and other sectors this year.

To Rise

The coal seam gas extraction, energy, and utility industries are likely to be some of the best performing sectors in 2015, according to Australia research firm IBIS World. This “flying” of the mentioned sectors is due in part to the move by the industry from a construction to production phase.

Other sectors seen to perform strongly in 2015 includes online retail stores (specifically groceries), fast fashion, private equity, and hydroponic crop farming, analysts said in a report.

One of the Queensland liquefied natural gas plants will start export shipments this year, which will be followed by two other plants. This is forecasted to boost the industry revenue to 148% or $1.83 billion in 2015.

Asset management solutions provider Mainpac says asset management tools also help Australian industries to either continue rising or weathering the expected downfall.

Asset management solutions provider Mainpac says asset management tools also help Australian industries to either continue rising or weathering the expected downfall.

Companies on the negative side of the ledger can use the tools to determine the best possible actions, such as slashing capital expenditure, cutting revenue growth expectations, and maximising production and investments. While those experiencing positive times can use EAM data to determine the next step in growing their assets and operations.

To Fall

On the other hand, a couple of industries are expected to hit speed bumps this 2015, as market trends change and as organisations move from planning and construction to execution. The petroleum exploration sector, for one, is expected to contract in 2015, as the dip in global oil prices makes.

The cigarette and tobacco product manufacturing, electricity distribution, mining and construction machinery manufacturing, and motion picture and video distribution industries round out the top five industries expected to fall in 2015.

While some industries are set for a bumper year in 2015, many will likely be hitting roadblocks. The best way to get over these humps is still to prepare and have the right business tools and strategies.

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