Modest progress in March
Contemporary ABS information indicated a slight decline of 0.1% in enterprise turnover in development phrases for March.
“In development phrases, the 13-industry combination measure of enterprise turnover has been flat since October 2023,” Robert Ewing (pictured above), ABS head of enterprise statistics.
Enterprise sectors present divergent developments
Whereas the general enterprise turnover confirmed minimal change, sure industries skilled vital progress.
“The strongest rises have been from the data media and telecommunications {industry}, up 3.7%, manufacturing with an increase of three.6%, and mining, which grew 1.6%,” Ewing mentioned in a media launch.
The rise within the info media and telecommunications sector was primarily pushed by greater subscription revenues within the publishing subdivision.
Conversely, the transport, postal, and warehousing {industry} noticed the most important decline, partially reversing a big enhance from February.
Annual enterprise turnover variations
When evaluating year-over-year information, enterprise turnover in March was greater for 11 of the 13 industries tracked by the indicator.
Notably, the electrical energy, fuel, water, and waste companies {industry} noticed essentially the most substantial annual enhance at 10.9%, adopted by building at 8.1%, and data media and telecommunications at 6.4%.
In the meantime, mining recorded a big annual decline of 17.1%, which dampened the general optimistic efficiency.
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