Accommodation and food services recorded the largest percentage rise in business turnover in December (+5.0 per cent), after falling 2.7 per cent in November, according to monthly figures released today by the Australian Bureau of Statistics (ABS).
Robert Ewing, ABS head of business indicator statistics, said: “Food and beverage services led the rise for the Accommodation and food services industry, as Australians enjoyed a less disrupted lead up to the holiday season.”
Manufacturing recorded the next largest monthly rise in turnover (+3.6 per cent), with Primary metal and metal product manufacturers leading the increase.
Arts and recreation fell for the third consecutive month (-4.0 per cent) with tickets for large sporting events falling after a strong November result, while Mining fell (-3.0 per cent) with lower turnover contributions from coal and liquified natural gas.
All 13 selected industries recorded year-on-year increases from December 2021 and larger increases in the two years from December 2020, most notably led by Mining (+27.1 per cent from December 2021 and +64.8 per cent from December 2020).
| November 2022 to December 2022 (%) | December 2021 to December 2022 (%) | December 2020 to December 2022 (%) | |
|---|---|---|---|
| Accommodation and food services | 5.0 | 19.3 | 38.6 |
| Manufacturing | 3.6 | 19.1 | 28.7 |
| Construction | 2.2 | 13.9 | 25.7 |
| Electricity, gas, water and waste services | 2.1 | 23.4 | 30.5 |
| Administrative and support services | 1.3 | 18.2 | 40.1 |
| Wholesale trade | 0.3 | 13.6 | 25.3 |
| Information media and telecommunications | 0.3 | 12.2 | 25.2 |
| Retail trade | -1.7 | 12.5 | 20.1 |
| Professional, scientific and technical services | -1.8 | 8.8 | 22.8 |
| Transport, postal and warehousing | -2.3 | 19.2 | 48.8 |
| Mining | -3.0 | 27.1 | 64.8 |
| Arts and recreation services | -4.0 | 14.3 | 30.9 |
| Other services | -6.0 | 12.4 | 18.8 |
More detailed analysis and information on the methodology is available in Monthly Business Turnover Indicator.
