The Pet Industry has come up tops in recent statistics with it boosting up the CPI of the recreation industry which had fallen in the last quarter. Read statistics on the growth in the pet industry.
CPI figures fell -0.1% for “Recreation” but not for the pet industry!
The fall in recreation this quarter was mainly due to price decreases for overseas holiday travel and accommodation (-3.4%) and audio, visual, media and services (-1.6%). The major offsets were provided by pets, pet food and supplies (+5.0%) and domestic holiday travel and accommodation (+1.0%).
Over the twelve months to June quarter 2009, the recreation group rose 0.7%. This rise was mainly due to pets, pet food and supplies (+9.9%) and other recreation activities (+4.8%). Audio, visual and computing equipment (-10.1%) provided the major offset. Source: Australian Bureau of Statistics website 30/10/09.
This is great news for the Australian Pet Industry! Congratulations to us all!