Business turnover up 0.7% in February

Media Release

Released

10/04/2025

Source

Monthly Business Turnover Indicator, February 2025

Business turnover rose 0.7 per cent in February 2025 in trend terms, according to figures released today by the Australian Bureau of Statistics (ABS).

Robert Ewing, ABS head of business statistics, said: ‘The rise in monthly business turnover continues the growth seen in recent months.

Business turnover indicator, 13-industy aggregate, trend
Reference month	Business turnover index (pts)	Monthly percentage change (%)
Feb-20	99.2	-0.2
Mar-20	97.8	-1.4
Apr-20	92.9	-5.1
May-20	92.0	-0.9
Jun-20	92.7	0.8
Jul-20	93.0	0.3
Aug-20	93.5	0.5
Sep-20	94.1	0.7
Oct-20	94.9	0.8
Nov-20	97.0	2.3
Dec-20	98.9	1.9
Jan-21	100.3	1.4
Feb-21	101.3	1.0
Mar-21	103.2	1.8
Apr-21	104.6	1.4
May-21	106.2	1.5
Jun-21	107.0	0.8
Jul-21	107.3	0.3
Aug-21	107.8	0.4
Sep-21	107.8	0.0
Oct-21	108.9	1.0
Nov-21	111.3	2.2
Dec-21	113.0	1.5
Jan-22	115.3	2.1
Feb-22	117.7	2.0
Mar-22	122.1	3.8
Apr-22	124.7	2.1
May-22	127.5	2.3
Jun-22	129.7	1.7
Jul-22	131.0	1.0
Aug-22	132.3	1.0
Sep-22	131.3	-0.7
Oct-22	131.7	0.3
Nov-22	131.7	0.1
Dec-22	131.8	0.0
Jan-23	131.7	0.0
Feb-23	131.6	-0.1
Mar-23	131.4	-0.2
Apr-23	131.1	-0.2
May-23	130.7	-0.3
Jun-23	130.8	0.1
Jul-23	130.2	-0.5
Aug-23	130.9	0.5
Sep-23	131.7	0.6
Oct-23	132.2	0.4
Nov-23	132.3	0.1
Dec-23	132.2	-0.1
Jan-24	132.0	-0.1
Feb-24	132.1	0.0
Mar-24	132.3	0.2
Apr-24	132.7	0.3
May-24	133.0	0.2
Jun-24	133.2	0.1
Jul-24	133.1	0.0
Aug-24	133.1	0.0
Sep-24	133.3	0.1
Oct-24	133.9	0.4
Nov-24	134.7	0.6
Dec-24	135.7	0.7
Jan-25	136.6	0.7
Feb-25	137.5	0.7

Business turnover indicator, 13-industy aggregate, trend

["Reference month","Business turnover index","Monthly percentage change"]

[["Feb-20","Mar-20","Apr-20","May-20","Jun-20","Jul-20","Aug-20","Sep-20","Oct-20","Nov-20","Dec-20","Jan-21","Feb-21","Mar-21","Apr-21","May-21","Jun-21","Jul-21","Aug-21","Sep-21","Oct-21","Nov-21","Dec-21","Jan-22","Feb-22","Mar-22","Apr-22","May-22","Jun-22","Jul-22","Aug-22","Sep-22","Oct-22","Nov-22","Dec-22","Jan-23","Feb-23","Mar-23","Apr-23","May-23","Jun-23","Jul-23","Aug-23","Sep-23","Oct-23","Nov-23","Dec-23","Jan-24","Feb-24","Mar-24","Apr-24","May-24","Jun-24","Jul-24","Aug-24","Sep-24","Oct-24","Nov-24","Dec-24","Jan-25","Feb-25"],[[99.200000000000003],[97.799999999999997],[92.900000000000006],[92],[92.700000000000003],[93],[93.5],[94.099999999999994],[94.900000000000006],[97],[98.900000000000006],[100.3],[101.3],[103.2],[104.59999999999999],[106.2],[107],[107.3],[107.8],[107.8],[108.90000000000001],[111.3],[113],[115.3],[117.7],[122.09999999999999],[124.7],[127.5],[129.69999999999999],[131],[132.30000000000001],[131.30000000000001],[131.69999999999999],[131.69999999999999],[131.80000000000001],[131.69999999999999],[131.59999999999999],[131.40000000000001],[131.09999999999999],[130.69999999999999],[130.80000000000001],[130.19999999999999],[130.90000000000001],[131.69999999999999],[132.19999999999999],[132.30000000000001],[132.19999999999999],[132],[132.09999999999999],[132.30000000000001],[132.69999999999999],[133],[133.19999999999999],[133.09999999999999],[133.09999999999999],[133.30000000000001],[133.90000000000001],[134.69999999999999],[135.69999999999999],[136.59999999999999],[137.5]],[[-0.20000000000000001],[-1.3999999999999999],[-5.0999999999999996],[-0.90000000000000002],[0.80000000000000004],[0.29999999999999999],[0.5],[0.69999999999999996],[0.80000000000000004],[2.2999999999999998],[1.8999999999999999],[1.3999999999999999],[1],[1.8],[1.3999999999999999],[1.5],[0.80000000000000004],[0.29999999999999999],[0.40000000000000002],[0],[1],[2.2000000000000002],[1.5],[2.1000000000000001],[2],[3.7999999999999998],[2.1000000000000001],[2.2999999999999998],[1.7],[1],[1],[-0.69999999999999996],[0.29999999999999999],[0.10000000000000001],[0],[0],[-0.10000000000000001],[-0.20000000000000001],[-0.20000000000000001],[-0.29999999999999999],[0.10000000000000001],[-0.5],[0.5],[0.59999999999999998],[0.40000000000000002],[0.10000000000000001],[-0.10000000000000001],[-0.10000000000000001],[0],[0.20000000000000001],[0.29999999999999999],[0.20000000000000001],[0.10000000000000001],[0],[0],[0.10000000000000001],[0.40000000000000002],[0.59999999999999998],[0.69999999999999996],[0.69999999999999996],[0.69999999999999996]]]

[]

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‘The 13-industry aggregate showed a 0.2 per cent rise in business turnover in seasonally adjusted terms, with mixed results across the industries in February.

‘The Manufacturing industry led the rises, up 4.6 per cent. This growth was led by a strong rise in the Primary metal and metal product manufacturing subdivision.

‘The overall growth was softened by falls in seven industries, including Mining, down 2.5 per cent, and Wholesale trade, down 2.0 per cent.’

Business turnover indicator, change in turnover, seasonally adjusted
	January 2025 to February 2025 (%)	February 2024 to February 2025 (%)
Manufacturing	4.6	14.2
Transport, postal and warehousing	2.6	9.8
Electricity, gas, water and waste services	2.4	9.6
Information media and telecommunications	2.3	11.3
Construction	0.8	8.8
Other services	0.8	7.8
Accommodation and food services	-0.1	7.2
Administrative and support services	-0.1	3.9
Retail trade	-0.4	3.7
Professional, scientific and technical services	-1.5	7.9
Wholesale trade	-2.0	3.2
Mining	-2.5	-6.3
Arts and recreation services	-2.6	-4.7
13-industry aggregate	0.2	5.2

Business turnover indicator, change in turnover, seasonally adjusted

["","January 2025 to February 2025","February 2024 to February 2025"]

[["Manufacturing","Transport, postal and warehousing","Electricity, gas, water and waste services","Information media and telecommunications","Construction","Other services","Accommodation and food services","Administrative and support services","Retail trade","Professional, scientific and technical services","Wholesale trade","Mining","Arts and recreation services","13-industry aggregate"],[[4.5999999999999996],[2.6000000000000001],[2.3999999999999999],[2.2999999999999998],[0.80000000000000004],[0.80000000000000004],[-0.10000000000000001],[-0.10000000000000001],[-0.40000000000000002],[-1.5],[-2],[-2.5],[-2.6000000000000001],[0.20000000000000001]],[[14.199999999999999],[9.8000000000000007],[9.5999999999999996],[11.300000000000001],[8.8000000000000007],[7.7999999999999998],[7.2000000000000002],[3.8999999999999999],[3.7000000000000002],[7.9000000000000004],[3.2000000000000002],[-6.2999999999999998],[-4.7000000000000002],[5.2000000000000002]]]

[]

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Compared to February 2024, turnover was higher for 11 of the 13 industries included in the indicator.

The industries that saw the strongest annual rises were Manufacturing (+14.2 per cent), and Information media and telecommunications (+11.3 per cent).

The industries with annual falls were Mining (-6.3 per cent), and Arts and recreation services (-4.7 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 industry divisions and 41 industry subdivisions 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.
For media requests and interviews, contact the ABS Media Team via media@abs.gov.au (9am-5pm Mon-Fri).
Watch our data literacy presentation on CPI, inflation and cost of living data as well as our ABS data crash course, designed especially for journalists to learn how to find, download and interpret our data.
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Business turnover up 0.7% in February

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