Business turnover in Australia jumped two percent in November, driven by a strong mining sector.
Australian Bureau of Statistics Head of Business Statistics Robert Ewing said 10 of 13 industries rose to deliver the jump in seasonally-adjusted terms.
Mr Ewing said the mining industry rise of 5.7 per cent was the main driver in the strong outcome.
“At the finer level, multiple Mining subdivisions saw a rise. This included Oil and gas extraction, up 9.5 percent, and Metal ore mining, which rose six percent, both driven by strong export volume,” he said.
“Other notable rises included the Manufacturing industry and the Transport, postal and warehousing industry, both up three percent.”
Mr Ewing said turnover fell in Other services (-1.7 percent), Arts and recreation services (-1.5 percent), and Accommodation and food services (-0.3 percent).
He said, compared to November 2023, turnover was higher for 11 of the 13 industries included in the indicator.
“The industries that saw the biggest annual rises were Construction (+9.4 percent), Transport, postal and warehousing, and Arts and recreation services (both +8.2 percent).
“The two industries which had annual falls were Mining (-10.4 percent) and Retail trade (-1.4 percent).”
