Business turnover rose 0.6 per cent in January 2025 in trend terms, according to figures released today by the Australian Bureau of Statistics (ABS).
This is the sixth consecutive rise in monthly business turnover in trend terms, according to ABS head of business statistics Zaneta Georgievski, making it the strongest period of sustained growth in the 13-industry aggregate since August 2022.
“In seasonally adjusted terms, the 13-industry aggregate showed a 1.4 per cent rise in business turnover, with 10 of the 13 industries growing in January,” Georgievski said.
The strongest monthly rises were in the professional, scientific and technical services industry, up 4.3 per cent, and construction, which grew 2.8 per cent.
The largest fall in turnover was in the electricity, gas, water and waste services industry, down 4.5 per cent, after a large rise in December.
Retail trade reported modest growth, up 2.3 per cent in seasonally adjusted terms. Wholesale trade was up 2.6 per cent.
Compared to January 2024, business turnover was higher for 12 of the 13 industries included in the indicator. The only industry with an annual fall was mining, down 11.6 per cent.
The industries that saw the biggest annual rises were information media and telecommunications (up 10.1 per cent), construction (up 9.9 per cent), and electricity, gas, water and waste services (up 9.2 per cent).
Wholesale trade was up 5.9 per cent, with retail up 4.2 per cent.