Monthly Business Turnover Indicator

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Experimental indicator of business turnover derived from monthly Business Activity Statements

Reference period

March 2022

Released

10/05/2022

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Key statistics

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

Rises in 12 of the 13 published industries in March 2022
The largest increase was in Arts and recreation services (18.3%)
Wholesale trade fell 4.2%, following rises in two consecutive months
Through the year, the largest rises were recorded in Mining (38.6%) followed by Transport, postal and warehousing (33.6%)

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.
Estimates in this release are subject to revisions.

Business turnover indicator, change in turnover, seasonally adjusted
	February 2022 to March 2022 (%)	March 2021 to March 2022 (%)
Arts and recreation services	18.3	18.5
Electricity, gas, water and waste services	7.3	22.2
Accommodation and food services	5.9	12.4
Other services	5.8	15.9
Construction	5.3	6
Administrative and support services	5.3	20.8
Manufacturing	4.8	21.2
Transport, postal and warehousing	3.7	33.6
Professional, scientific and technical services	2.2	16.1
Mining	2.1	38.6
Retail trade	0.2	11.3
Information media and telecommunications	0.2	10.3
Wholesale trade	-4.2	13.1

Business turnover indicator, change in turnover, seasonally adjusted

["","February 2022 to March 2022","March 2021 to March 2022"]

[["Arts and recreation services","Electricity, gas, water and waste services","Accommodation and food services","Other services","Construction","Administrative and support services","Manufacturing","Transport, postal and warehousing","Professional, scientific and technical services","Mining","Retail trade","Information media and telecommunications","Wholesale trade"],[[18.300000000000001],[7.2999999999999998],[5.9000000000000004],[5.7999999999999998],[5.2999999999999998],[5.2999999999999998],[4.7999999999999998],[3.7000000000000002],[2.2000000000000002],[2.1000000000000001],[0.20000000000000001],[0.20000000000000001],[-4.2000000000000002]],[[18.5],[22.199999999999999],[12.4],[15.9],[6],[20.800000000000001],[21.199999999999999],[33.600000000000001],[16.100000000000001],[38.600000000000001],[11.300000000000001],[10.300000000000001],[13.1]]]

[]

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Industry

Total turnover differs between industries. This should be considered when analysing month-to-month movements in the context of overall economic activity. The chart below shows the monthly movements in the turnover indicator for March 2022 (represented by colour) and the selected industries' estimated share of total turnover for the 2020-21 financial year (represented by circle size).

Image

Chart showing the monthly movements in the turnover indicator for March 2022 (represented by colour) and the selected industries' estimated share of total turnover for the 2020-21 financial year (represented by circle size).

Description

The chart has 13 circles, one for each industry division included in the Monthly Business Turnover Indicator. The size of each circle represents the share of total business turnover for the 2020-21 financial year for that industry. Circles are also given a colour shading to represent the monthly change in the Monthly Business Turnover Indicator for the current reference month. Industries with negative movements are coloured orange, those with little or no movement are grey, and positive movements are blue. The largest circles are for Wholesale trade, Retail trade, Manufacturing, Construction, and Mining. Wholesale trade is orange, showing a negative movement in business turnover. Arts and recreation services is a strong blue, showing a strong positive movement in business turnover. Arts and recreation services is relatively small based on turnover share.

Business turnover differs from the National Accounts concept of output. For example, the value of goods sold by wholesalers and subsequently retailers are reflected in turnover for both industries while National Accounts output measures the margins gained by each industry.

Industry analysis and charts

Of the 13 industry divisions included in the indicator, 12 showed increases in March 2022. The largest rises in monthly turnover were seen in Arts and recreation services (18.3%), followed by Electricity, gas, water and waste services (7.3%) and Accommodation and food services (5.9%). The rises in Arts and recreation services and Accommodation and food services coincide with further restrictions easing across multiple regions. Rises in Electricity, gas, water and waste were driven by increased demand and prices for energy.

The only industry seeing a fall this month was Wholesale trade (-4.2%). This followed two month of consecutive rises, with March falling from a record high in February.

All included industries rose through the year, with the largest rises recorded in Mining (38.6%) followed by Transport, postal and warehousing (33.6%).

Mining

Business turnover indicator, Mining, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	94.4	9.3
Apr-20	100.6	6.6
May-20	88.0	-12.5
Jun-20	87.4	-0.7
Jul-20	82.1	-6.1
Aug-20	84.9	3.5
Sep-20	89.1	4.9
Oct-20	94.9	6.5
Nov-20	94.3	-0.6
Dec-20	98.3	4.2
Jan-21	100.6	2.3
Feb-21	100.7	0.1
Mar-21	100.3	-0.4
Apr-21	108.5	8.2
May-21	115.4	6.4
Jun-21	118.6	2.8
Jul-21	123.5	4.1
Aug-21	124.1	0.4
Sep-21	122.9	-1.0
Oct-21	121.6	-1.0
Nov-21	121.0	-0.5
Dec-21	124.1	2.6
Jan-22	131.1	5.7
Feb-22	136.1	3.8
Mar-22	139.0	2.1

Manufacturing

Business turnover indicator, Manufacturing, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	106.3	4.4
Apr-20	95.7	-10.0
May-20	92.7	-3.1
Jun-20	97.6	5.3
Jul-20	97.8	0.2
Aug-20	97.4	-0.4
Sep-20	95.8	-1.7
Oct-20	99.1	3.5
Nov-20	100.4	1.3
Dec-20	102.4	2.0
Jan-21	105.7	3.3
Feb-21	103.8	-1.8
Mar-21	100.2	-3.5
Apr-21	103.9	3.7
May-21	104.4	0.5
Jun-21	106.0	1.6
Jul-21	107.0	0.9
Aug-21	108.6	1.5
Sep-21	109.5	0.8
Oct-21	111.3	1.6
Nov-21	113.3	1.8
Dec-21	114.9	1.5
Jan-22	114.4	-0.4
Feb-22	115.8	1.2
Mar-22	121.4	4.8

Electricity, gas, water and waste services

Business turnover indicator, Electricity, gas, water and waste services, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	100.8	-7.1
Apr-20	96.9	-3.8
May-20	90.6	-6.6
Jun-20	91.0	0.5
Jul-20	91.3	0.3
Aug-20	91.8	0.5
Sep-20	89.9	-2.0
Oct-20	90.1	0.2
Nov-20	89.3	-0.8
Dec-20	93.8	5.0
Jan-21	89.1	-5.0
Feb-21	88.9	-0.3
Mar-21	86.6	-2.6
Apr-21	92.3	6.6
May-21	95.3	3.3
Jun-21	102.4	7.4
Jul-21	103.6	1.2
Aug-21	103.2	-0.4
Sep-21	94.7	-8.3
Oct-21	95.5	0.9
Nov-21	93.6	-2.0
Dec-21	98.8	5.6
Jan-22	97.4	-1.5
Feb-22	98.6	1.3
Mar-22	105.8	7.3

Construction

Business turnover indicator, Construction, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	104.4	2.4
Apr-20	103.8	-0.5
May-20	103.4	-0.5
Jun-20	97.5	-5.6
Jul-20	99.1	1.6
Aug-20	97.7	-1.4
Sep-20	94.0	-3.8
Oct-20	97.9	4.1
Nov-20	98.1	0.2
Dec-20	104.6	6.6
Jan-21	105.1	0.5
Feb-21	104.0	-1.0
Mar-21	112.9	8.5
Apr-21	108.7	-3.7
May-21	108.6	-0.1
Jun-21	112.9	4.0
Jul-21	108.3	-4.1
Aug-21	108.9	0.5
Sep-21	105.2	-3.4
Oct-21	103.2	-1.9
Nov-21	112.7	9.2
Dec-21	112.3	-0.4
Jan-22	104.7	-6.7
Feb-22	113.5	8.4
Mar-22	119.6	5.3

Wholesale trade

Business turnover indicator, Wholesale trade, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	100.9	0.7
Apr-20	85.2	-15.6
May-20	88.9	4.3
Jun-20	98.5	10.8
Jul-20	98.1	-0.4
Aug-20	96.3	-1.8
Sep-20	96.8	0.5
Oct-20	97.7	1.0
Nov-20	100.0	2.4
Dec-20	102.0	2.0
Jan-21	104.4	2.4
Feb-21	104.5	0.1
Mar-21	105.2	0.6
Apr-21	107.4	2.1
May-21	106.9	-0.5
Jun-21	108.0	1.0
Jul-21	108.7	0.7
Aug-21	110.3	1.4
Sep-21	108.1	-2.0
Oct-21	110.6	2.4
Nov-21	113.3	2.4
Dec-21	111.9	-1.3
Jan-22	120.2	7.4
Feb-22	124.1	3.3
Mar-22	118.9	-4.2

Retail trade

Business turnover indicator, Retail trade, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	107.2	5.6
Apr-20	82.5	-23.0
May-20	98.4	19.3
Jun-20	103.9	5.6
Jul-20	106.7	2.7
Aug-20	102.8	-3.7
Sep-20	102.6	-0.2
Oct-20	103.2	0.6
Nov-20	111.6	8.1
Dec-20	111.9	0.3
Jan-21	112.0	0.1
Feb-21	111.5	-0.4
Mar-21	114.1	2.3
Apr-21	114.0	-0.1
May-21	116.5	2.2
Jun-21	112.7	-3.2
Jul-21	110.5	-1.9
Aug-21	111.0	0.4
Sep-21	110.6	-0.4
Oct-21	113.5	2.6
Nov-21	122.7	8.1
Dec-21	117.7	-4.1
Jan-22	119.8	1.8
Feb-22	126.8	5.8
Mar-22	127.0	0.2

Accommodation and food services

Business turnover indicator, Accommodation and food services, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	82.5	-20.3
Apr-20	50.7	-38.6
May-20	51.4	1.4
Jun-20	69.5	35.1
Jul-20	83.9	20.8
Aug-20	80.9	-3.6
Sep-20	81.8	1.1
Oct-20	83.5	2.1
Nov-20	84.4	1.1
Dec-20	94.8	12.4
Jan-21	96.1	1.4
Feb-21	94.4	-1.9
Mar-21	99.6	5.6
Apr-21	106.8	7.2
May-21	103.6	-3.0
Jun-21	99.5	-3.9
Jul-21	82.2	-17.4
Aug-21	76.4	-7.1
Sep-21	78.6	2.9
Oct-21	88.3	12.3
Nov-21	99.5	12.6
Dec-21	110.0	10.6
Jan-22	102.5	-6.8
Feb-22	105.8	3.2
Mar-22	112.0	5.9

Transport, postal and warehousing

Business turnover indicator, Transport, postal and warehousing, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	87.9	-12.3
Apr-20	79.4	-9.7
May-20	71.5	-10.0
Jun-20	79.0	10.6
Jul-20	79.4	0.4
Aug-20	76.4	-3.8
Sep-20	78.0	2.1
Oct-20	78.0	0.0
Nov-20	79.7	2.1
Dec-20	86.7	8.8
Jan-21	84.0	-3.1
Feb-21	86.7	3.2
Mar-21	88.2	1.7
Apr-21	89.6	1.6
May-21	93.4	4.2
Jun-21	95.2	1.8
Jul-21	91.7	-3.6
Aug-21	94.1	2.6
Sep-21	95.1	1.1
Oct-21	95.6	0.5
Nov-21	102.4	7.1
Dec-21	108.3	5.7
Jan-22	104.3	-3.7
Feb-22	113.6	8.9
Mar-22	117.8	3.7

Information media and telecommunications

Business turnover indicator, Information media and telecommunications, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	75.5	-13.3
Apr-20	85.9	13.7
May-20	84.7	-1.4
Jun-20	85.3	0.7
Jul-20	86.9	1.8
Aug-20	90.3	3.9
Sep-20	86.4	-4.3
Oct-20	91.4	5.8
Nov-20	92.6	1.3
Dec-20	94.7	2.3
Jan-21	94.4	-0.3
Feb-21	93.1	-1.4
Mar-21	93.4	0.3
Apr-21	95.9	2.7
May-21	95.8	-0.1
Jun-21	97.3	1.6
Jul-21	96.3	-1.1
Aug-21	97.3	1.0
Sep-21	98.8	1.6
Oct-21	99.7	0.8
Nov-21	100.1	0.4
Dec-21	102.3	2.2
Jan-22	98.0	-4.3
Feb-22	102.8	5.0
Mar-22	103.0	0.2

Professional, scientific and technical services

Business turnover indicator, Professional, scientific and technical services, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	101.0	0.9
Apr-20	99.1	-1.9
May-20	91.9	-7.2
Jun-20	95.9	4.4
Jul-20	96.3	0.3
Aug-20	91.9	-4.6
Sep-20	94.6	2.9
Oct-20	92.8	-1.8
Nov-20	94.1	1.4
Dec-20	95.0	1.0
Jan-21	91.7	-3.5
Feb-21	95.6	4.3
Mar-21	97.0	1.4
Apr-21	98.5	1.6
May-21	94.2	-4.4
Jun-21	102.2	8.5
Jul-21	100.1	-2.1
Aug-21	102.8	2.6
Sep-21	103.2	0.4
Oct-21	102.7	-0.4
Nov-21	107.4	4.5
Dec-21	108.8	1.3
Jan-22	104.9	-3.6
Feb-22	110.2	5.0
Mar-22	112.5	2.2

Administrative and support services

Business turnover indicator, Administrative and support services, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	84.0	-10.4
Apr-20	70.4	-16.3
May-20	71.3	1.3
Jun-20	71.8	0.7
Jul-20	72.3	0.8
Aug-20	72.1	-0.3
Sep-20	73.6	2.1
Oct-20	73.4	-0.2
Nov-20	75.1	2.2
Dec-20	77.0	2.6
Jan-21	77.4	0.4
Feb-21	75.3	-2.7
Mar-21	80.3	6.7
Apr-21	81.5	1.4
May-21	84.6	3.9
Jun-21	84.5	-0.1
Jul-21	82.7	-2.1
Aug-21	83.8	1.3
Sep-21	83.3	-0.6
Oct-21	86.4	3.7
Nov-21	92.9	7.5
Dec-21	90.5	-2.6
Jan-22	88.9	-1.8
Feb-22	92.1	3.7
Mar-22	97.0	5.3

Arts and recreation services

Business turnover indicator, Arts and recreation services, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	84.6	-8.1
Apr-20	45.8	-45.9
May-20	46.8	2.3
Jun-20	57.5	22.8
Jul-20	78.2	36.0
Aug-20	77.9	-0.4
Sep-20	76.6	-1.6
Oct-20	82.8	8.1
Nov-20	86.8	4.8
Dec-20	92.1	6.1
Jan-21	93.8	1.9
Feb-21	95.8	2.1
Mar-21	104.2	8.8
Apr-21	118.6	13.8
May-21	116.4	-1.9
Jun-21	98.1	-15.7
Jul-21	101.9	3.9
Aug-21	87.8	-13.9
Sep-21	86.6	-1.4
Oct-21	91.8	6.0
Nov-21	103.0	12.2
Dec-21	107.6	4.4
Jan-22	96.7	-10.1
Feb-22	104.4	7.9
Mar-22	123.5	18.3

Other services

Business turnover indicator, Other services, seasonally adjusted
	Business turnover index (pts)	Monthly percentage change (%)
Mar-20	100.9	-0.6
Apr-20	88.4	-12.5
May-20	85.9	-2.8
Jun-20	90.9	5.8
Jul-20	94.1	3.5
Aug-20	96.7	2.8
Sep-20	94.9	-1.8
Oct-20	97.3	2.5
Nov-20	98.4	1.1
Dec-20	100.5	2.1
Jan-21	105.6	5.1
Feb-21	101.2	-4.2
Mar-21	102.9	1.7
Apr-21	107.1	4.1
May-21	110.2	2.9
Jun-21	111.1	0.8
Jul-21	107.6	-3.1
Aug-21	101.5	-5.6
Sep-21	104.7	3.2
Oct-21	100.2	-4.3
Nov-21	112.6	12.4
Dec-21	106.4	-5.5
Jan-22	105.0	-1.3
Feb-22	112.7	7.4
Mar-22	119.2	5.8

Data downloads

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Time series spreadsheets

Data files

Table 01: Business turnover indicator, Mining - Monthly percentage change and index
Download xlsx [60.36 KB]
Table 02: Business turnover indicator, Manufacturing - Monthly percentage change and index
Download xlsx [60.15 KB]
Table 03: Business turnover indicator, Electricity, gas, water and waste services - Monthly percentage change and index
Download xlsx [60.2 KB]
Table 04: Business turnover indicator, Construction - Monthly percentage change and index
Download xlsx [60.31 KB]
Table 05: Business turnover indicator, Wholesale trade - Monthly percentage change and index
Download xlsx [60.17 KB]
Table 06: Business turnover indicator, Retail trade - Monthly percentage change and index
Download xlsx [60.15 KB]
Table 07: Business turnover indicator, Accommodation and food services - Monthly percentage change and index
Download xlsx [60.26 KB]
Table 08: Business turnover indicator, Transport, postal and warehousing - Monthly percentage change and index
Download xlsx [60.16 KB]
Table 09: Business turnover indicator, Information media and telecommunications - Monthly percentage change and index
Download xlsx [60.2 KB]
Table 10: Business turnover indicator, Professional, scientific and technical services - Monthly percentage change and index
Download xlsx [60.32 KB]
Table 11: Business turnover indicator, Administrative support services - Monthly percentage change and index
Download xlsx [60.21 KB]
Table 12: Business turnover indicator, Arts and recreation services - Monthly percentage change and index
Download xlsx [60.3 KB]
Table 13: Business turnover indicator, Other services - Monthly percentage change and index
Download xlsx [60.16 KB]

Data Explorer datasets

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

Methodology

Monthly Business Turnover Indicator methodology, March 2022

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Monthly Business Turnover Indicator

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Key statistics

Industry

Industry analysis and charts

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

Table 01: Business turnover indicator, Mining - Monthly percentage change and index

Table 02: Business turnover indicator, Manufacturing - Monthly percentage change and index

Table 03: Business turnover indicator, Electricity, gas, water and waste services - Monthly percentage change and index

Table 04: Business turnover indicator, Construction - Monthly percentage change and index

Table 05: Business turnover indicator, Wholesale trade - Monthly percentage change and index

Table 06: Business turnover indicator, Retail trade - Monthly percentage change and index

Table 07: Business turnover indicator, Accommodation and food services - Monthly percentage change and index

Table 08: Business turnover indicator, Transport, postal and warehousing - Monthly percentage change and index

Table 09: Business turnover indicator, Information media and telecommunications - Monthly percentage change and index

Table 10: Business turnover indicator, Professional, scientific and technical services - Monthly percentage change and index

Table 11: Business turnover indicator, Administrative support services - Monthly percentage change and index

Table 12: Business turnover indicator, Arts and recreation services - Monthly percentage change and index

Table 13: Business turnover indicator, Other services - Monthly percentage change and index

Data Explorer datasets

Methodology

Media releases

Business turnover continues to rise in March

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