COVID conditions impact business turnover in December: Australia

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

Branko Vitas, Head of the Business Indicators Branch, said: "The continued easing of COVID-19 restrictions in the first half of December benefitted some industries, leading to rises in business turnover.

"Accommodation and food services recorded the largest increase (10.1 per cent) in monthly turnover compared to November 2021," Mr Vitas said.

"A 5.6 percent rise was also seen in Transport, postal and warehousing, contributing to a 24.5 per cent year-on-year rise in this industry."

Business turnover indicator, selected industries, seasonally adjusted
Accommodation and food servicesTransport, postal and warehousing
Jan-2196.184
Feb-2194.386.7
Mar-2199.688.2
Apr-21106.889.6
May-21103.593.4
Jun-2199.495.2
Jul-2182.191.6
Aug-2176.394
Sep-2178.594.9
Oct-2188.195.5
Nov-2199.2102.2
Dec-21109.2107.9

Turnover for all thirteen selected industries was higher compared to December 2020. Mining led the rises (up 25.3 per cent), as coal and natural gas exports rose through the year (see International Trade in Goods and Services).

/ABS Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.