Latest release

Monthly Business Turnover Indicator

Experimental indicator of business turnover derived from monthly Business Activity Statements

Reference period
September 2021
Released
10/11/2021
  • Next Release 10/12/2021
    Monthly Business Turnover Indicator, October 2021
  • Next Release 21/01/2022
    Monthly Business Turnover Indicator, November 2021
  • Next Release 10/02/2022
    Monthly Business Turnover Indicator, December 2021
  • View all releases

Key statistics

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

  • Falls in 8 of the 13 published industries in September 2021
  • The largest decreases were in Electricity, gas, water and waste services (-8.2%) and Construction (-3.7%)
  • Accommodation and food services recorded the largest rise (2.2%) following four months of consecutive falls
  • Mining fell slightly (-0.3%) although showed a strong increase through the year to September 2021 (40.1%)
  • 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 scope, coverage, and methods. 
  • For further information see Methodology.

Industry

Total turnover differs between industries and this should be considered when analysing month-to-month movements to contextualise insights on overall economic activity. The chart below shows the monthly movements in the turnover indicator for September 2021 (represented by colour) and the selected industries' estimated share of total turnover for the 2019-20 financial year (represented by circle size). 

    Chart showing the monthly movements in the turnover indicator for August 2021 (represented by colour) and the selected industries' estimated share of total turnover for the 2019-20 financial year (represented by circle size).
    The chart has 13 circles, one for each industry division included in the Monthly Business Turnover Indicator. The size of each circle represents the share of total business turnover for the 2019-20 financial year for that industry. Circles are also given a colour shading to represent the monthly change in the Monthly Business Turnover Indicator for the current reference month. Industries with negative movements are coloured orange, those with little or no movement are grey, and positive movements are blue.

    The largest circles are for Wholesale trade, Retail trade, Manufacturing, Construction, and Mining. Of these five industries, Construction and Wholesale trade are orange indicating a moderate negative movement. Retail trade, Manufacturing and Mining are all close to grey indicating small monthly movements.

    The industry with the largest monthly fall is Electricity, gas, water and waste services, which is a small- to medium-sized industry based on its share of turnover from 2019-20. The industry with the largest monthly rise is Accommodation and food services, a relatively small industry based on turnover share.

    Business turnover differs from the National Accounts concept of output. For example, the value of goods sold by wholesalers and subsequently retailers are reflected in turnover for both industries while National Accounts output measures the margins gained by each industry.

    Industry analysis and charts

    Electricity, gas, water and waste services (-8.2%) recorded the largest fall in September 2021 in seasonally adjusted terms, followed by Construction (-3.7%). In the year to September 2021, both industries have recorded an overall rise in business turnover.

    Accommodation and food services recorded the largest rise (2.2%) following four months of consecutive falls. COVID-19 restrictions continued to significantly impact operations in this industry and the index remained well below pre-pandemic levels. 

    Mining was relatively unchanged in September 2021 (-0.3%), maintaining elevated levels from strong growth in previous months linked to commodity prices. 

    Mining

    Index base period: July 2019 = 100.0.

    Manufacturing

    Index base period: July 2019 = 100.0.

    Electricity, gas, water and waste services

    Index base period: July 2019 = 100.0.

    Construction

    Index base period: July 2019 = 100.0.

    Wholesale trade

    Index base period: July 2019 = 100.0.

    Retail trade

    Index base period: July 2019 = 100.0.

    Accommodation and food services

    Index base period: July 2019 = 100.0.

    Transport, postal and warehousing

    Index base period: July 2019 = 100.0.

    Information media and telecommunications

    Index base period: July 2019 = 100.0.

    Professional, scientific and technical services

    Index base period: July 2019 = 100.0.

    Administrative and support services

    Index base period: July 2019 = 100.0.

    Arts and recreation services

    Index base period: July 2019 = 100.0.

    Other services

    Index base period: July 2019 = 100.0.

    Data downloads

    ABS will progressively transition to releasing Excel files in .XLSX format from 3 December 2021. The time series spreadsheets in the Monthly Business Turnover Indicator will use the new format from the October 2021 issue, released on 10 December 2021. Users may need to update their automated processes for downloading and reading the data. Previously released time series spreadsheets will remain in .XLS format. 

    Time series spreadsheets

    Data files

    Data Explorer datasets

    Caution: Data in the Data Explorer is currently released after the 11:30am release on the ABS website.

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