Business turnover surges 2.9% in July

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Released
9/09/2025
Source
Monthly Business Turnover Indicator, July 2025
Release date and time
09/09/2025 11:30am AEST

Business turnover rose 2.9 per cent in July in seasonally adjusted terms, according to figures released today by the Australian Bureau of Statistics (ABS). 

Robert Ewing, ABS head of business statistics, said: ‘The rise was the largest since May 2022, with growth in turnover seen across all industries.

‘The Electricity, gas, water and waste division grew 15.8 per cent due to a surge in wholesale electricity and gas prices. This division is now at a record high, breaking the previous record set in August 2022.

‘Other notable industry rises were in Professional, scientific and technical services, up 4.6 per cent, Manufacturing 4.2 per cent and Construction 3.8 per cent.’ 
 

Business turnover was 6.3 per cent higher than in July 2024, with 12 of the 13 industries reporting rises over the year.

The industries that saw the largest annual rises were Electricity, gas, water and waste services (+16.2 per cent), and Manufacturing (+13.2 per cent).

The only industry with an annual fall was Mining (-1.7 per cent).

In trend terms, the 13-industry aggregate showed a 0.3 per cent rise in business turnover in July.
 

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.
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