Business turnover growth continues in January

Media Release

Released

13/03/2025

Source

Monthly Business Turnover Indicator, January 2025

Business turnover rose 0.6 per cent in January 2025 in trend terms, according to figures released today by the Australian Bureau of Statistics (ABS).

Zaneta Georgievski, ABS head of business statistics, said: ‘This is the sixth consecutive rise in monthly business turnover in trend terms, making it the strongest period of sustained growth in the 13-industry aggregate since August 2022.

Business turnover indicator, 13-industy aggregate, trend
Reference month	Business turnover index (pts)	Monthly percentage change (%)
Jan-20	99.5	-0.1
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	97.1	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	0.1
Oct-21	109.0	1.1
Nov-21	111.4	2.2
Dec-21	113.0	1.5
Jan-22	115.4	2.0
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	129.6	1.7
Jul-22	130.9	1.0
Aug-22	132.2	1.0
Sep-22	131.3	-0.7
Oct-22	131.7	0.3
Nov-22	131.8	0.1
Dec-22	131.8	0.0
Jan-23	131.8	0.0
Feb-23	131.6	-0.1
Mar-23	131.4	-0.2
Apr-23	131.1	-0.2
May-23	130.6	-0.3
Jun-23	130.8	0.1
Jul-23	130.2	-0.4
Aug-23	130.9	0.6
Sep-23	131.7	0.6
Oct-23	132.2	0.4
Nov-23	132.4	0.1
Dec-23	132.3	-0.1
Jan-24	132.1	-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	133.1	0.1
Jul-24	133.1	0.0
Aug-24	133.2	0.0
Sep-24	133.4	0.2
Oct-24	134.0	0.4
Nov-24	134.7	0.6
Dec-24	135.5	0.6
Jan-25	136.3	0.6

Business turnover indicator, 13-industy aggregate, trend

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

[["Jan-20","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"],[[99.5],[99.200000000000003],[97.799999999999997],[92.900000000000006],[92],[92.700000000000003],[93],[93.5],[94.099999999999994],[94.900000000000006],[97.099999999999994],[98.900000000000006],[100.3],[101.3],[103.2],[104.59999999999999],[106.2],[107],[107.3],[107.8],[107.8],[109],[111.40000000000001],[113],[115.40000000000001],[117.7],[122.09999999999999],[124.7],[127.5],[129.59999999999999],[130.90000000000001],[132.19999999999999],[131.30000000000001],[131.69999999999999],[131.80000000000001],[131.80000000000001],[131.80000000000001],[131.59999999999999],[131.40000000000001],[131.09999999999999],[130.59999999999999],[130.80000000000001],[130.19999999999999],[130.90000000000001],[131.69999999999999],[132.19999999999999],[132.40000000000001],[132.30000000000001],[132.09999999999999],[132.09999999999999],[132.30000000000001],[132.69999999999999],[133],[133.09999999999999],[133.09999999999999],[133.19999999999999],[133.40000000000001],[134],[134.69999999999999],[135.5],[136.30000000000001]],[[-0.10000000000000001],[-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],[0.10000000000000001],[1.1000000000000001],[2.2000000000000002],[1.5],[2],[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],[-0.40000000000000002],[0.59999999999999998],[0.59999999999999998],[0.40000000000000002],[0.10000000000000001],[-0.10000000000000001],[-0.10000000000000001],[0],[0.20000000000000001],[0.29999999999999999],[0.20000000000000001],[0.10000000000000001],[0],[0],[0.20000000000000001],[0.40000000000000002],[0.59999999999999998],[0.59999999999999998],[0.59999999999999998]]]

[]

[{"value":"0","axis_id":"0","axis_title":"Month","axis_units":"","tooltip_units":"","table_units":"","axis_min":null,"axis_max":null,"tick_interval":"3","precision":"-1","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"value":"0","axis_id":"0","axis_title":"%","axis_units":"","tooltip_units":"(%)","table_units":"(%)","axis_min":null,"axis_max":null,"tick_interval":null,"precision":"1","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false},{"value":"1","axis_id":"1","axis_title":"Index","axis_units":"","tooltip_units":"(pts)","table_units":"(pts)","axis_min":null,"axis_max":null,"tick_interval":null,"precision":"1","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

‘In seasonally adjusted terms, the 13-industry aggregate showed a 1.4 per cent rise in business turnover, with 10 of the 13 industries growing in January.

‘The strongest rises were in the Professional, scientific and technical services industry, up 4.3 per cent, and Construction, which grew 2.8 per cent.’

Business turnover indicator, change in turnover, seasonally adjusted
	December 2024 to January 2025 (%)	January 2024 to January 2025 (%)
Professional, scientific and technical services	4.3	8.4
Construction	2.8	9.9
Other services	2.7	7.7
Wholesale trade	2.6	5.9
Retail trade	2.3	4.2
Manufacturing	2.1	8.3
Accommodation and food services	0.8	8.0
Information media and telecommunications	0.8	10.1
Transport, postal and warehousing	0.6	5.6
Administrative and support services	0.4	4.6
Mining	-1.2	-11.6
Arts and recreation services	-1.7	2.0
Electricity, gas, water and waste services	-4.5	9.2
13-industry aggregate	1.4	3.8

Business turnover indicator, change in turnover, seasonally adjusted

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

[["Professional, scientific and technical services","Construction","Other services","Wholesale trade","Retail trade","Manufacturing","Accommodation and food services","Information media and telecommunications","Transport, postal and warehousing","Administrative and support services","Mining","Arts and recreation services","Electricity, gas, water and waste services","13-industry aggregate"],[[4.2999999999999998],[2.7999999999999998],[2.7000000000000002],[2.6000000000000001],[2.2999999999999998],[2.1000000000000001],[0.80000000000000004],[0.80000000000000004],[0.59999999999999998],[0.40000000000000002],[-1.2],[-1.7],[-4.5],[1.3999999999999999]],[[8.4000000000000004],[9.9000000000000004],[7.7000000000000002],[5.9000000000000004],[4.2000000000000002],[8.3000000000000007],[8],[10.1],[5.5999999999999996],[4.5999999999999996],[-11.6],[2],[9.1999999999999993],[3.7999999999999998]]]

[]

[{"value":"0","axis_id":"0","axis_title":"","axis_units":"","tooltip_units":"","table_units":"","axis_min":null,"axis_max":null,"tick_interval":null,"precision":"-1","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

[{"value":"0","axis_id":"0","axis_title":"%","axis_units":"","tooltip_units":"(%)","table_units":"(%)","axis_min":null,"axis_max":null,"tick_interval":null,"precision":"1","data_unit_prefix":"","data_unit_suffix":"","reverse_axis":false}]

The largest fall in turnover was in the Electricity, gas, water and waste services industry (-4.5 per cent), after a large rise in December.

Compared to January 2024, turnover was higher for 12 of the 13 industries included in the indicator.

The industries that saw the biggest annual rises were Information media and telecommunications (+10.1 per cent), Construction (+9.9 per cent), and Electricity, gas, water and waste services (+9.2 per cent).

The only industry with an annual fall was Mining (-11.6 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.
Subscribe to our media release notification service to get notified of ABS media releases or publications upon their release.

APA

Citation

Business turnover growth continues in January

APA

Citation

Media notes

Provide feedback