Information media and telecommunications industry business turnover rose 3.8 per cent in June, according to figures released today by the Australian Bureau of Statistics (ABS).
Zaneta Georgievski, ABS head of business statistics, said: “Information media and telecommunications turnover has continued to rise over the last couple of months. The latest growth was led by rises in the Telecommunications and Publishing subdivisions.
“The Electricity, gas, water and waste services industry also grew, up 3.2 per cent, with turnover influenced by outages and greater gas usage.”
Rises in these industries were offset by falls in seven of the 13 industries.
“The largest fall was the Transport, postal and warehousing industry, down 2.6 per cent, led by a drop in passenger rail turnover,” Ms Georgievski said.
The 13-industry aggregate showed business turnover rising 0.2 per cent in trend terms, but falling 0.1 per cent in seasonally adjusted terms.
| May 2024 to June 2024 (%) | June 2023 to June 2024 (%) | |
|---|---|---|
| Information media and telecommunications | 3.8 | 6.6 |
| Electricity, gas, water and waste services | 3.2 | -0.2 |
| Accommodation and food services | 1.5 | 4.9 |
| Administrative and support services | 1.0 | 4.6 |
| Manufacturing | 0.4 | 1.9 |
| Wholesale trade | 0.2 | 1.3 |
| Retail trade | -0.5 | 6.9 |
| Professional, scientific and technical services | -0.5 | 4.5 |
| Construction | -0.6 | 3.7 |
| Mining | -1.0 | -7.0 |
| Arts and recreation services | -1.2 | 1.4 |
| Other services | -2.0 | -0.6 |
| Transport, postal and warehousing | -2.6 | 1.4 |
| 13-industry aggregate | -0.1 | 1.5 |
Compared to June 2023, turnover was higher for 10 of the 13 industries included in the indicator.
The industries that saw the biggest annual rises were Retail trade (+6.9 per cent) and Information media and telecommunications (+6.6 per cent).
Mining had the largest annual fall (-7.0 per cent).
