Most industries had rises in business turnover in July, according to figures released today by the Australian Bureau of Statistics (ABS).
Robert Ewing, ABS head of business statistics, said: “Business turnover rose 1.0 per cent in July in seasonally adjusted terms following falls in the previous two months.
“The Transport, postal and warehousing industry showed the largest rise at 4.0 per cent. This is a rebound from its 3.3 per cent fall last month and is up 8.2 per cent annually.
“Other notable industry rises were for Professional, scientific and technical services, up 3.9 per cent, Construction rose by 2.3 per cent, and Wholesale trade was up 2.0 per cent.”
The largest falls were for the Retail trade and Information media and telecommunications industries, both down 1.6 per cent.
The 13-industry aggregate showed business turnover rising 0.1 per cent in trend terms and 1.0 per cent in seasonally adjusted terms.
Compared to July 2023, turnover was higher for all 13 industries included in the indicator except Mining which fell 1.2 per cent.
The industries that saw the biggest annual rises were Electricity, gas, water and waste services (16.8 per cent) and Professional, scientific and technical services (8.4 per cent).
| June 2024 to July 2024 (%) | July 2023 to July 2024 (%) | |
|---|---|---|
| Transport, postal and warehousing | 4.0 | 8.2 |
| Professional, scientific and technical services | 3.9 | 8.4 |
| Construction | 2.3 | 3.1 |
| Wholesale trade | 2.0 | 2.2 |
| Arts and recreation services | 1.8 | 3.6 |
| Manufacturing | 1.4 | 8.1 |
| Other services | 0.9 | 1.9 |
| Mining | 0.8 | -1.2 |
| Administrative and support services | 0.1 | 1.7 |
| Accommodation and food services | -0.9 | 5.1 |
| Electricity, gas, water and waste services | -1.3 | 16.8 |
| Retail trade | -1.6 | 5.3 |
| Information media and telecommunications | -1.6 | 8.2 |
| 13-industry aggregate | 1.0 | 4.6 |
