Key highlights: ASBFEO Small Business Pulse November 2025
- The ASBFEO Small Business Pulse increased by 0.8% in the three months to November 2025 – the third consecutive quarterly increase. Over the past 12 months it has increased 0.5%.
- There is strong momentum amongst small businesses to explore growth and transformation opportunities, with owners leaning into fresh ways to expand their offerings and delight customers. There has been continued momentum in research into opportunities to harness technology and artificial intelligence to boost efficiency and power new waves of growth.
- Enquiries about the logistics of passing on existing businesses to family members have increased, with signals that these new business owners are implementing new ideas while preserving the family business legacy[1]. This is affirmation that succession can bring new insights and perspectives that can reinvent a business.
- Interest in starting a new business remains elevated. Over the last two years, this has been evenly split between men and women[2]. Health care and social assistance and transport, postal and warehousing had the highest percentage increases in businesses in 2024-25[3].
/Public Release. View in full here.
