Sharp rise for electricity and gas turnover in December
Business turnover for the Electricity, gas, water and waste services industry rose 12.9 per cent in December in seasonally adjusted terms, according to figures released today by the Australian Bureau of Statistics (ABS).
Robert Ewing, ABS head of business statistics, said: “Turnover in the Electricity supply subdivision grew 12.2 per cent as coal power plant outages and high temperatures on the east coast put more pressure on electricity supply.
“The turnover index for this subdivision is now only 3.6 points short of the record high reported in August 2022.
“Other notable industry rises were in Accommodation and food services, which was up 1.9 per cent, and Information media and telecommunications, which rose 1.4 per cent.”
Growth in these industries were partially offset by drops in six of the 13 industries.
“The largest falls were in Administrative and support services, down 3.0 per cent, and Manufacturing, down 1.9 per cent,” Mr Ewing said.
The 13-industry aggregate showed business turnover rose 0.4 per cent in seasonally adjusted terms and 0.3 per cent in trend terms.
Compared to December 2024, turnover was higher for 11 of the 13 industries included in the indicator.
The industries that saw the biggest annual rises were Electricity, gas, water and waste services (+21.6 per cent), Information media and telecommunications (+10.1 per cent), and Transport, postal and warehousing (+7.7 per cent).
The only industry with an annual fall was Mining (-8.5 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.
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