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Personal services industry
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Data for the personal services industry, which provides personal care, funeral, laundry and other personal services, are now available for 2005.
According to the Annual Survey of Personal Services, firms providing personal services in Canada in 2005 experienced rising revenues in the main components of the industry. Together, those firms earned an estimated $9.1 billion in that year, up from $8.5 billion in 2004 and $8.0 billion in 2003.
Personal care providers, which include hair and esthetic salons, spas and the like, accounted for about 45% of the industry's total earnings. These establishments earned about $4.1 billion in 2005, up from $3.9 billion in 2004 and $3.5 billion in 2003.
Laundry and dry cleaning services accounted for the next largest share of revenues, earning $2.1 billion, and funeral service providers earned the third largest share at $1.5 billion in 2005.
Operating expenses for all personal service establishments increased in 2005. Companies spent an estimated $8.2 billion in their daily operations.
Profit margins were 10.0%, up from 7.7% in 2004.
Salaries, wages and benefits still accounts for the largest expense for these companies, amounting to almost 40% of their operating expenses.
Industry data for 2005 are available now for Canada and the provinces, including revenues, expenses, salaries and wages and profit margins.
Available on CANSIM: table 359-0001.
Definitions, data sources and methods: survey number 2424.
For more information, or to enquire about the concepts, methods or data quality of this release, contact Bob Allan (613-951-2648; bob.allan@statcan.gc.ca; fax: 613-951-6696), Service Industries Division.
