Monthly Business Turnover Indicator

Latest release

Experimental indicator of business turnover derived from monthly Business Activity Statements

Reference period
May 2024
  • Next Release 9/08/2024
    Monthly Business Turnover Indicator, June 2024
  • Next Release 9/09/2024
    Monthly Business Turnover Indicator, July 2024
  • Next Release 11/10/2024
    Monthly Business Turnover Indicator, August 2024
  • View all releases

Key statistics

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

  • A 0.6% fall in the 13-industry aggregate
  • The largest fall was in Administrative and support services (-2.3%)
  • The largest rise was in Arts and recreation services (2.8%)
  • Year-on-year, rises were seen in 11 of 13 published industries

The MBTI 13-industry aggregate remained relatively flat in trend terms, rising 0.2% in May.

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 0.2% in trend terms and has continued to remain steady.

Index base period: July 2019 = 100.0.

Industry analysis and charts

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

  • Administration and support services (-2.3%)
  • Wholesale trade (-2.1%)

The industries that showed the largest rises in May 2024 were:

  • Arts and recreation services (2.8%)
  • Information media and telecommunications (2.6%)

Year-on-year, 11 of 13 industry divisions recorded rises in business turnover. The largest rises were recorded in:

  • Construction and Information media and telecommunications (both 6.4%)
  • Arts and recreation services (6.0%) 

The two industry divisions recording a fall in business turnover in May 2024, compared with May 2023 were:

  • Mining (-5.5%)
  • Wholesale trade (-0.9%)


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

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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