Business turnover continues to rise in November: Australia

Seasonally adjusted business turnover increased in twelve of the thirteen selected industries in November 2021, according to figures released today by the Australian Bureau of Statistics (ABS).

Branko Vitas, Head of the Business Indicators Branch, said: “Accommodation and food services recorded the largest increase (15.9 per cent) in monthly turnover compared to October 2021. The second greatest month on month increase was for the Arts and recreation services industry (14.1 per cent).

“The rise in Accommodation and food services can largely be attributed to the continued easing of COVID-19 restrictions in November, particularly for New South Wales, and Victoria.” Mr Vitas said.

Business turnover indicator, selected industries, seasonally adjusted

Accommodation and food servicesArts and recreation services
Nov-2084.486.8
Dec-2094.892.1
Jan-2196.193.8
Feb-2194.395.8
Mar-2199.6104.2
Apr-21106.8118.5
May-21103.6116.2
Jun-2199.497.8
Jul-2182.2100.2
Aug-2176.387
Sep-2178.685.6
Oct-2190.590.6
Nov-21105103.3

An increase was also seen in the Retail industry (7.4 per cent rise in turnover), driven by non-food retailing. The increase is similar to that reported in the Retail Trade Survey data for November (up 7.3 per cent).

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