Monthly Business Turnover Indicator

Latest release

Experimental indicator of business turnover derived from monthly Business Activity Statements

Reference period
September 2022
Released
9/11/2022
  • Next Release 13/12/2022
    Monthly Business Turnover Indicator, October 2022
  • Next Release 20/01/2023
    Monthly Business Turnover Indicator, November 2022
  • Next Release 10/02/2023
    Monthly Business Turnover Indicator, December 2022
  • View all releases

Key statistics

In seasonally adjusted terms, the September 2022 monthly business turnover indicator showed:

  • Falls in seven of the 13 published industries 
  • The largest fall was in Electricity, gas, water and waste services (-18.9%)
  • The largest rise was in Arts and recreation (9.4%)
  • Through the year, rises were seen in all 13 published industries
  • 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. 
  • Trend series are now available for selected industry divisions. See the Data Notes section for more information.

Industry

Total turnover differs between industries. This should be considered when analysing month-to-month movements in the context of overall economic activity. The chart below shows the monthly movements in the turnover indicator for September 2022 (represented by colour) and the selected industries' estimated share of total turnover for the 2020-21 financial year (represented by circle size). 

Chart showing the monthly movements in the turnover indicator for September 2022 (represented by colour) and the selected industries' estimated share of total turnover for the 2020-21 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 2020-21 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.

Electricity, gas, water and waste services is coloured a strong orange, showing a strong negative movement in business turnover.

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

In September 2022, six of the 13 industry divisions included in the indicator showed increases to turnover in seasonally adjusted terms. The largest rises in monthly turnover were seen in:

  • Arts and Recreation (9.4%)
  • Mining (3.9%)
  • Construction (3.6%)

Of the seven industries that showed falls in September 2022, the largest were in:

  • Electricity, gas, water and waste services (-18.9%)
  • Other services (-3.3%)
  • Transport, postal and warehousing (-2.0%)

All industry divisions recorded year-on-year increases in business turnover in September 2022, compared with the COVID-19 Delta period in September 2021. The largest rises were recorded in:

  • Accommodation and food services (65.6%)
  • Arts and recreation services (52.9%)
  • Transport, Postal and warehousing (40.0%)

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

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

Data notes

Review of trend suspension

In early 2020 the ABS suspended trend series, in addition to adopting forward factors to produce seasonally adjusted series. The trend estimate indicates the medium to long direction of a time series. To estimate the trend, the effect of significant events like disruptions associated with COVID-19 are assigned to either the trend or irregular components of a time series. The rationale for suspending trend series was that it was unknown whether the impacts from COVID-19 would be short or medium to long-term, and therefore there was high probability of needing to significantly revise initial assessments of the impacts of COVID-19 on the trend.

Trend series are now available for the ANZSIC divisions below:

  • Construction
  • Wholesale trade
  • Retail trade
  • Information media and telecommunications
  • Professional, scientific and technical services
  • Administrative and support services

For the majority of these divisions, the impacts of COVID-19 on the business turnover series have not caused multiple abrupt changes in the series level in short succession, and so it is appropriate to describe a trend level through the past two years. As a result, the trend will be published over the previous two years for these series, with the exception of Retail trade, for which the trend will be unavailable from March 2020 to February 2022 inclusive.

Trend Graphs for Selected Industries

Index base period: July 2019 = 100.0.

Index base period: July 2019 = 100.0.

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