Monthly Business Turnover Indicator

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Experimental indicator of business turnover derived from monthly Business Activity Statements

Reference period
August 2024
Released
11/10/2024

Key statistics

In seasonally adjusted terms, the August 2024 monthly business turnover indicator showed: 

  • A 0.7% fall in the 13-industry aggregate
  • The largest falls were in Mining (-3.5%) and Information media and telecommunications (-2.9%)
  • The largest rises were in Other services (1.5%), Construction (1.3%), and Electricity, gas, water and waste services (1.2%)
  • Year-on-year, rises were seen in 12 of 13 published industries

The MBTI 13-industry aggregate rose 0.1% in trend terms for the month of August.

Index base period: July 2019 = 100.0.

  • This experimental indicator is derived from Australian Taxation Office (ATO) Business Activity Statements (BAS) turnover data from monthly BAS remitters. It includes 13 of the 19 industry divisions classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006.
  • Monthly BAS reporting covers businesses with GST annual turnover of $20 million or more and a proportion of smaller businesses that report monthly on a voluntary basis.
  • The estimated monthly changes in business turnover are aligned as closely as is feasible to the Australian System of National Accounts concept of market output. Users should exercise caution in comparing the indicator to other ABS economic outputs due to differences in concepts, scope, coverage, and methods.

13-Industry aggregate

The MBTI 13-industry aggregate grew 0.1% for the August month in trend terms.

Index base period: July 2019 = 100.0.

Industry analysis and charts

In August 2024, seven of the 13 industry divisions included in the indicator showed falls in monthly turnover in seasonally adjusted terms. The largest falls in monthly turnover were seen in:

  • Mining (-3.5%)
  • Information media and telecommunications (-2.9%)

The industries that showed the largest rises in August 2024 were:

  • Other services (1.5%)
  • Construction (1.3%)
  • Electricity, gas, water and waste services (1.2%)

Year-on-year, 12 of 13 industry divisions recorded rises in business turnover. The largest rises were recorded in:

  • Electricity, gas, water and waste services (17.6%)
  • Information media and telecommunications (8.6%)

The only industry division recording a fall in business turnover was Mining (-5.9%).

 

Note: Total turnover differs between industries. This should be considered when analysing month-to-month movements in the context of overall economic activity. Please see data limitations and revisions for additional considerations.

Mining

Manufacturing

Electricity, gas, water and waste services

Construction

Wholesale trade

Retail trade

Accommodation and food services

Transport, postal and warehousing

Information media and telecommunications

Professional, scientific and technical services

Administrative and support services

Arts and recreation services

Other services

Data downloads

Time series spreadsheets

Data files

Data Explorer datasets

Caution: Data in Data Explorer is currently released after the 11:30am release on the ABS website. Please check the reference period when using Data Explorer.

For more information about Data Explorer, see the Data Explorer user guide.

Business Turnover Indicator - Monthly percentage changes and indexes, January 2010 onwards

Data Notes

Trading days (seasonal adjustment)

Standard ABS seasonal adjustment procedures have been applied to account for the impact of seasonal patterns on the series. The seasonal adjustment includes adjustment for calendar-related effects including trading day influences arising from weekly patterns in sales, the varying length of each month and the varying number of Sundays, Mondays, Tuesdays, etc. in each month. Subdivisions where the trading day adjustment was not applied were assessed. This has resulted in revisions to divisions B, H, I and M.

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