According to business information research firm IBISWorld’s latest forecast, the oil and gas production industry was highlighted as this year’s top industry performer with revenue growth predicted to increase by 18.3% in 2011/12. Conversely, gaming and vending machines manufacturing was named as the worst performing industry, with a forecasted revenue fall of 12.6%. Full lists are outlined below.

IBISWorld’s Top 10 growth industries for 2011/12:

1.    Oil and gas production (18.3%)
2.    Sugar manufacturing (16.3%)
3.    Organic farming (13.0%)
4.    Mining (12.9%)
5.    Automotive fuel retailing (10.9%)
6.    Multi-unit apartment and townhouse construction (10.6%)
7.    Financial asset investors (9.8%)
8.    Renewable energy (9.7%)
9.    Online shopping (9.0%)
10.  Domestic airlines (9.0%)

IBISWorld’s Top 5 worst-performing industries for 2011/12:

1.    Gaming and vending machines manufacturing (-12.6%)
2.    Wired telecommunications carriers (-7.6%)
3.    Institutional building construction (-7.3%)
4.    Image processing and printing services (-4.9%)
5.    Book and telephone directory publishing (-2.4%)

Source: Human Capital (HC) Online – article posted 7th July 2011

Cheers,

Annie Cerone