Monthly Business Turnover Indicator

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Experimental indicator of business turnover derived from monthly Business Activity Statements

Reference period
June 2024
Released
9/08/2024

Key statistics

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

  • A 0.1% fall in the 13-industry aggregate
  • The largest fall was in Transport, postal and warehousing (-2.6%)
  • The largest rise was in Information media and telecommunications (3.8%)
  • Year-on-year, rises were seen in 10 of 13 published industries

The MBTI 13-industry aggregate rose 0.2% in trend terms for the month of June.

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 0.2% for the fourth consecutive month in trend terms.

Index base period: July 2019 = 100.0.

Industry analysis and charts

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

  • Transport, postal and warehousing (-2.6%)

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

  • Information media and telecommunications  (3.8%)
  • Electricity, gas, water and waste services (3.2%)

Year-on-year, 10 of 13 industry divisions recorded rises in business turnover. The largest rises were recorded in:

  • Retail trade (6.9%)
  • Information media and telecommunications (6.6%)

The industry division recording the largest fall in business turnover in June 2024, compared with June 2023 was:

  • Mining (-7.0%)

 

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

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