According to the latest Australian Bureau of Statistics (ABS) figures, business turnover rose 1.0% in July, bouncing back from declines in the previous two months.
ABS head of business statistics Robert Ewing highlighted that:
* Transport, postal and warehousing saw the biggest monthly jump at 4.0%, rebounding from a 3.3% drop last month
* Professional, scientific and technical services grew by 3.9%
* Construction and wholesale trade also saw gains of 2.3% and 2.0%, respectively.
The largest declines included the retail trade and the information, media and telecommunications sectors, which both fell by 1.6%
The data showed that annual growth was strong across most industries, with notable increases in:
* Electricity, gas, water and waste services (16.8%)
* Professional, scientific and technical services (8.4%)
#ABS #accountant #businessturnover