Business turnover for the Mining industry rose for the fourth consecutive month in November (+4.9 per cent), according to figures released today by the Australian Bureau of Statistics (ABS).
Robert Ewing, ABS head of business statistics, said “Recent rises in Mining turnover were due to higher iron ore prices and renewed demand for coal.”
“Ten of 13 industries had rises in business turnover in November. This included Arts and recreation services (+6.2 per cent), and Retail trade and Transport, postal and warehousing (both +1.0 per cent), as retailers and parcel delivery businesses benefitted from the Black Friday sales period.”
Compared to November 2022, 10 of the 13 industries included in the indicator rose. The industries that saw the biggest annual rises were Construction (+15.2 per cent), Accommodation and food services (+8.1 per cent), and Other services (+7.8 per cent).
Annually, the largest falls were in Mining (-8.7 per cent), and Electricity, gas, water and waste services (-3.9 per cent).
| October 2023 to November 2023 (%) | November 2022 to November 2023 (%) | |
|---|---|---|
| Arts and recreation services | 6.2 | 1.5 |
| Mining | 4.9 | -8.7 |
| Administrative and support services | 3.4 | 6.8 |
| Professional, scientific and technical services | 1.9 | 7.2 |
| Electricity, gas, water and waste services | 1.8 | -3.9 |
| Other services | 1.4 | 7.8 |
| Accommodation and food services | 1.1 | 8.1 |
| Retail trade | 1.0 | 3.2 |
| Transport, postal and warehousing | 1.0 | -2.7 |
| Information media and telecommunications | 0.7 | 4.7 |
| Manufacturing | -0.1 | 5.1 |
| Construction | -0.8 | 15.2 |
| Wholesale trade | -3.4 | 1.0 |
