- 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 scope, coverage, and methods.
- Estimates in this release are subject to revisions.
- For further information see Methodology.
Monthly Business Turnover Indicator
Experimental indicator of business turnover derived from monthly Business Activity Statements
Key statistics
In seasonally adjusted terms, the monthly business turnover indicator showed:
- Rises in 9 of the 13 published industries in October 2021
- The largest increase was in Accommodation and food services (13.8%)
- Falls ranged from -1.9% in Mining to -4.7% in Other services
- All industries rose through the year to October 2021, with Mining showing the largest annual rise (28.5%)
Industry
Total turnover differs between industries and this should be considered when analysing month-to-month movements to contextualise insights on overall economic activity. The chart below shows the monthly movements in the turnover indicator for October 2021 (represented by colour) and the selected industries' estimated share of total turnover for the 2020-21 financial year (represented by circle size).
Image
Description
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
Accommodation and food services recorded the largest rise in seasonally adjusted terms (13.8%), followed by Arts and recreation services (4.8%). The increases corresponded with the easing of COVID-19 restrictions in New South Wales, Victoria and the Australian Capital Territory during the month.
Other services (-4.7%) recorded the largest fall in October 2021, followed by Construction (-2.7%) and Professional, scientific and technical services (-2.6%).
All thirteen industries included in the indicator recorded an increase through the year to October 2021. Mining recorded the strongest annual growth despite falling for the month, reflecting recent falls in iron ore prices.
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
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