Business turnover rises for most industries in April
Business turnover in trend terms rose 0.1 per cent in April according to figures released today by the Australian Bureau of Statistics (ABS).
Robert Ewing, ABS head of business statistics, said: “The business turnover 13-industry aggregate has remained steady for the last six months, in trend terms.
“In seasonally adjusted terms, the 13-industry aggregate increased 1.5 per cent in April, the largest increase since September 2023.
“The most prominent rise was from the Professional, scientific and technical services industry, up 5.5 per cent. This was followed by Wholesale trade with a rise of 3.2 per cent and Transport, postal and warehousing, which grew 3.1 per cent.”
The rise in turnover for the Professional, scientific and technical services industry was driven by Management and related consulting services, Advertising services and Scientific research services.
The largest fall in turnover was in the Arts and recreation services industry which showed a drop for a second month and has now returned to a more typical level after very strong growth in December 2023 and February 2024.
Compared to April 2023, turnover was higher for all 13 industries included in the indicator except Mining which fell 8.8 per cent.
The industries that saw the biggest annual rises were Electricity, gas, water and waste services (14.8 per cent), Construction and Information media and telecommunications (both 9.2 per cent).
Media notes
- The Monthly Business Turnover Indicator is derived using Australian Taxation Office (ATO) Business Activity Statement (BAS) data from monthly remitters.
- Monthly BAS reporting covers businesses with GST annual turnover of $20 million or more and a proportion of smaller businesses that report on a voluntary basis.
- The indicator includes 13 of the 19 industry divisions classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006, and provides timely and frequent insights into economic activity, which complement the longstanding quarterly measures.
- When reporting ABS data you must attribute the Australian Bureau of Statistics (or the ABS) as the source.
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