Business turnover rises for most industries in September

Ten of the 13 selected industries reported rises in business turnover in September, according to figures released today by the Australian Bureau of Statistics (ABS).

Robert Ewing, ABS head of business statistics, said the Information media and telecommunications industry reported the largest monthly jump in business turnover.

“The 3.2 per cent rise in turnover for the Information media and telecommunications industry is a positive rebound from its 1.8 per cent fall last month and the industry is up 6.8 per cent annually.

“Mining recorded the second largest rise in turnover (+2.8 per cent), but is down 15.4 per cent compared to September last year, as demand and prices for commodities such as coal and gas have fallen over the past 12 months,” Mr Ewing said.

Construction businesses also saw an increase (+2.6 per cent) driven by Heavy and civil engineering construction. The Construction industry is up 21.1 per cent from the same time last year as engineering firms continue to work through a large pipeline of infrastructure projects.

Manufacturing (-1.3 per cent), Professional, scientific and technical services (-0.9 per cent), and Arts and recreation services (-0.3 per cent) were the only industries to record falls in turnover.

Business turnover indicator, change in turnover, seasonally adjusted

August 2023 to September 2023 (%)September 2022 to September 2023 (%)
Information media and telecommunications3.26.8
Other services2.113.0
Administrative and support services1.78.5
Electricity, gas, water and waste services1.6-4.7
Accommodation and food services1.06.0
Retail trade0.93.3
Transport, postal and warehousing0.7-4.6
Wholesale trade0.23.4
Arts and recreation services-0.31.6
Professional, scientific and technical services-0.94.2

The ABS would like to thank the businesses whose data helped produce these statistics.

/ABS Public Release. View in full here.