Monthly Business Turnover Indicator

Latest release

Experimental indicator of business turnover derived from monthly Business Activity Statements

Reference period
April 2024
  • Next Release 10/07/2024
    Monthly Business Turnover Indicator, May 2024
  • Next Release 9/08/2024
    Monthly Business Turnover Indicator, June 2024
  • Next Release 9/09/2024
    Monthly Business Turnover Indicator, July 2024
  • View all releases

Key statistics

In seasonally adjusted terms, the April 2024 monthly business turnover indicator showed: 

  • A 1.5% rise in the 13-industry aggregate
  • The largest rise was in Professional, scientific and technical services (5.5%)
  • The largest fall was in Arts and recreation services (-3.4%)
  • Year-on-year, rises were seen in 12 of 13 published industries

The MBTI 13-industry aggregate rose 0.1% in trend terms during April and has been relatively flat in recent months.

Index base period: July 2019 = 100.0.

  • This experimental indicator is derived from Australian Taxation Office (ATO) Business Activity Statements (BAS) turnover data from monthly BAS remitters. It includes 13 of the 19 industry divisions classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006.
  • Monthly BAS reporting covers businesses with GST annual turnover of $20 million or more and a proportion of smaller businesses that report monthly on a voluntary basis.
  • The estimated monthly changes in business turnover are aligned as closely as is feasible to the Australian System of National Accounts concept of market output. Users should exercise caution in comparing the indicator to other ABS economic outputs due to differences in concepts, scope, coverage, and methods.

13-Industry aggregate

  • The MBTI 13-industry aggregate grew 0.1% in trend terms and has remained steady for the last six months.

Index base period: July 2019 = 100.0.

Industry analysis and charts

In April 2024, eight of the 13 industry divisions included in the indicator showed rises in monthly turnover in seasonally adjusted terms. The largest rises in monthly turnover were seen in:

  • Professional, scientific and technical services (5.5%)
  • Wholesale trade (3.2%)
  • Transport, postal and warehousing (3.1%)

The industries that showed the largest falls in April 2024 were:

  • Arts and recreation services (-3.4%)
  • Information media and telecommunications (-1.4%)
  • Mining (-0.9%)

Year-on-year, 12 of 13 industry divisions recorded rises in business turnover. The largest rises were recorded in:

  • Electricity, gas, water and waste services (14.8%)
  • Construction and Information media and telecommunications (both 9.2%)
  • Transport, postal and warehousing (9.0%) 

The only industry division recording a fall in business turnover in April 2024, compared with April 2023 was:

  • Mining (-8.8%)


Note: Total turnover differs between industries. This should be considered when analysing month-to-month movements in the context of overall economic activity. Please see data limitations and revisions for additional considerations.



Electricity, gas, water and waste services


Wholesale trade

Retail trade

Accommodation and food services

Transport, postal and warehousing

Information media and telecommunications

Professional, scientific and technical services

Administrative and support services

Arts and recreation services

Other services

Changes in this release

Time series spreadsheets

In April 2024, the ABS made the following changes to time series spreadsheets available in Data downloads:

  • The 13-industry summary time series spreadsheet now includes division level data.
  • The data items in the Other services time series spreadsheet have been re-ordered.

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.

For more information about Data Explorer, see the Data Explorer user guide.

Business Turnover Indicator - Monthly percentage changes and indexes, January 2010 onwards

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