Business Indicators, Australia

Latest release

Quarterly estimates of private sector sales, wages, profits and inventories

Reference period
June 2022
Released
5/09/2022
  • Next Release 5/12/2022
    Business Indicators, Australia, September 2022
  • Next Release 27/02/2023
    Business Indicators, Australia, December 2022
  • Next Release 5/06/2023
    Business Indicators, Australia, March 2023
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Key statistics

Current price estimates for the June quarter 2022:

  • Company gross operating profits rose 7.6% seasonally adjusted 
  • Wages and salaries rose 3.3% seasonally adjusted 

Chain volume estimates for the June quarter 2022:

  • Inventories rose 0.3% seasonally adjusted
 Mar Qtr 22 to Jun Qtr 22Jun Qtr 21 to Jun Qtr 22
%%
Sales of goods and services (Chain volume measures)  
 Manufacturing  
  Trend

na

na

  Seasonally Adjusted

0.3

-0.7

 Wholesale trade  
  Trend

na

na

  Seasonally Adjusted

-2.9

-0.2

Inventories (Chain volume measures)  
 Trend

na

na

 Seasonally Adjusted

0.3

4.2

Company gross operating profits  
 Trend

na

na

 Seasonally Adjusted

7.6

28.5

Wages and salaries  
 Seasonally Adjusted

3.3

6.8

*na - not available. Trend estimates have been suspended due to the impacts of COVID-19.

 

Inventories

Trend estimates have been suspended

 

Company gross operating profits

Trend estimates have been suspended

Notes on release

Comparison between company gross operating profits and gross operating surplus

Valuation changes have had an impact on the value of inventories held by Australian businesses this quarter. An Inventories Valuation Adjustment (IVA) is applied in the calculation of the Gross Operating Surplus of private non-financial corporations (GOS) estimate in the Australian National Accounts. The IVA for the June quarter 2022 is $9,277m which is $468m lower than the March quarter 2022 IVA of $9,745m.

No adjustment is made to the Company Gross Operating Profits (CGOP) estimate in this publication and, as a result, users should exercise caution when comparing CGOP and GOS. It should be noted that there are other differences between the two series. In particular, changes are made to GOS when annual benchmarks are applied and slightly different seasonal factors apply to the two series. Given this, while CGOP movements are an appropriate indicator for GOS, the two series will not have equivalent seasonally adjusted movements from quarter to quarter.

Suspension of trend series

The trend series attempts to measure underlying behaviour in business activity. In the short term, this measurement will be significantly affected by changes to regular patterns in spending due to the Coronavirus pandemic. If the trend estimates in this publication were to be calculated without fully accounting for this irregular event, they would likely provide a misleading view of underlying business activity.

It may be some time before the underlying trend in business activity can be accurately estimated. The Business Indicators trend series have therefore been suspended and will be reinstated when more certainty emerges in the underlying trend in business activity.

Analysis by industry

​​​​​​​Featured series

The following graphs and commentary refer to seasonally adjusted estimates for sales of goods and services and inventories in volume terms, and wages and salaries and company gross operating profits in current price terms. Trend estimates have been suspended from June quarter 2019 onwards for all series due to the impacts of coronavirus (COVID-19).

Total all industries

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Rose 7.6% seasonally adjusted

Wages and salaries, current prices:

•     Rose 3.3% seasonally adjusted

 

Inventories

(a) Total inventories limited to: Accommodation and food services; Electricity, gas, water and waste services; Manufacturing; Mining; Retail trade; Wholesale trade

Inventories, chain volume measures:

•     Rose 0.3% seasonally adjusted

Mining

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Rose 14.3% seasonally adjusted

Wages and salaries, current prices:

•     Rose 2.4% seasonally adjusted

 

Sales of goods and services | Inventories

Sales of goods and services, chain volume measures:

•     Rose 2.5% seasonally adjusted

Inventories, chain volume measures:

•     Fell 2.1% seasonally adjusted

Manufacturing

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Rose 10.0% seasonally adjusted

Wages and salaries, current prices:

•     Rose 2.4% seasonally adjusted

 

Sales of goods and services | Inventories

Sales of goods and services, chain volume measures:

•     Rose 0.3% seasonally adjusted

Inventories, chain volume measures:

•     Rose 2.3% seasonally adjusted

Electricity, gas, water and waste services

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Rose 0.4% seasonally adjusted

Wages and salaries, current prices:

•     Fell 0.4% seasonally adjusted

 

Sales of goods and services | Inventories

Sales of goods and services, chain volume measures:

•     Rose 10.5% seasonally adjusted

Inventories, chain volume measures:

•     Rose 1.7% seasonally adjusted

Construction

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Fell 5.7% seasonally adjusted

Wages and salaries, current prices:

•     Rose 4.5% seasonally adjusted

 

Sales of goods and services

Sales of goods and services, chain volume measures:

•     Rose 0.7% seasonally adjusted

Wholesale trade

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Rose 1.1% seasonally adjusted

Wages and salaries, current prices:

•     Rose 2.1% seasonally adjusted

 

Sales of goods and services | Inventories

Sales of goods and services, chain volume measures:

•     Fell 2.9% seasonally adjusted

Inventories, chain volume measures:

•     Fell 0.3% seasonally adjusted

Retail trade

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Fell 5.0% seasonally adjusted

Wages and salaries, current prices:

•     Rose 4.3% seasonally adjusted

 

Sales of goods and services | Inventories

Sales of goods and services, chain volume measures:

•     Rose 0.4% seasonally adjusted

Inventories, chain volume measures:

•     Fell 0.1% seasonally adjusted

Accommodation and food services

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Rose 48.8% seasonally adjusted

Wages and salaries, current prices:

•     Rose 12.3% seasonally adjusted

 

Sales of goods and services | Inventories

Sales of goods and services, chain volume measures:

•     Rose 10.7% seasonally adjusted

Inventories, chain volume measures:

•     Rose 7.9% seasonally adjusted

Transport, postal and warehousing

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Rose 23.8% seasonally adjusted

Wages and salaries, current prices:

•     Rose 5.2% seasonally adjusted

 

Sales of goods and services

Sales of goods and services, chain volume measures:

•     Rose 5.5% seasonally adjusted

Information media and telecommunications

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Fell 6.8% seasonally adjusted

Wages and salaries, current prices:

•     Rose 4.9% seasonally adjusted

 

Sales of goods and services

Sales of goods and services, chain volume measures:

•     Rose 1.3% seasonally adjusted

Financial and insurance services

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Fell 38.0% seasonally adjusted

Wages and salaries, current prices:

•     Rose 0.7% seasonally adjusted

 

Sales of goods and services

Sales of goods and services, chain volume measures:

•     Fell 2.8% seasonally adjusted

Rental, hiring and real estate services

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Fell 8.5% seasonally adjusted

Wages and salaries, current prices:

•     Rose 2.2% seasonally adjusted

 

Sales of goods and services

Sales of goods and services, chain volume measures:

•     Rose 1.0% seasonally adjusted

Professional, scientific and technical services

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Fell 2.7% seasonally adjusted

Wages and salaries, current prices:

•     Rose 2.4% seasonally adjusted

 

Sales of goods and services

Sales of goods and services, chain volume measures:

•     Rose 1.2% seasonally adjusted

Administrative and support services

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Fell 0.1% seasonally adjusted

Wages and salaries, current prices:

•     Rose 2.8% seasonally adjusted

 

Sales of goods and services

Sales of goods and services, chain volume measures:

•     Rose 2.8% seasonally adjusted

Education and training

Wages and salaries

Wages and salaries, current prices:

•     Rose 5.2% seasonally adjusted

Health care and social assistance

Wages and salaries

Wages and salaries, current prices:

•     Rose 2.0% seasonally adjusted

Arts and recreation services

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Rose 1.6% seasonally adjusted

Wages and salaries, current prices:

•     Rose 8.1% seasonally adjusted

 

Sales of goods and services

Sales of goods and services, chain volume measures:

•     Rose 5.0% seasonally adjusted

Other services

Company gross operating profits | Wages and salaries

Company gross operating profits, current prices:

•     Fell 6.6% seasonally adjusted

Wages and salaries, current prices:

•     Rose 2.5% seasonally adjusted

 

Sales of goods and services

Sales of goods and services, chain volume measures:

•     Rose 1.8% seasonally adjusted

Data downloads

Time series spreadsheets

Data files

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.

Business Indicators  - Quarterly estimates of private sector sales, wages, profits and inventories

Previous catalogue number

This release previously used catalogue number 5676.0.

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