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Income from business innovation in the financial services sector Australia 2014/2015

This statistic shows the share of business sales income generated by innovative new goods or services in the financial and insurance services industry in Australia in 2014/2015. That year, about 21.4 percent of companies in the financial and insurance services sector in Australia generated between 5 and 10 percent of their sales income from new innovative goods or services.

Share of business sales income generated by new goods or services in the financial and insurance services industry in Australia in 2014/2015

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Source

Release date

July 2016

Region

Australia

Survey time period

2014/2015

Supplementary notes

Goods or service innovation is defined as any good, service, or a combination of both that is totally new to a business or significantly improved. Its characteristics or intended uses differ significantly from those previously produced.

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