Total turnover differs between industries. This should be considered when analysing month-to-month movements in the context of overall economic activity. The chart below shows the monthly movements in the turnover indicator for October 2023 (represented by colour) and the selected industries' estimated share of total turnover for the 2022-23 financial year (represented by circle size).
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Description
The chart has 13 circles, one for each industry division included in the Monthly Business Turnover Indicator. The size of each circle represents the share of total business turnover for the 2022-23 financial year for that industry. Circles are also given a colour shading to represent the monthly change in the Monthly Business Turnover Indicator for the current reference month. Industries with negative movements are coloured orange, those with little or no movement are grey, and positive movements are blue.
The largest circles are for Manufacturing, Mining, Wholesale trade, and Retail trade.
Mining is light blue, showing a positive movement in business turnover. Arts and recreation services is coloured orange, showing a negative movement in business turnover.
Business turnover differs from the National Accounts concept of output. For example, the value of goods sold by wholesalers and subsequently retailers are reflected in turnover for both industries while National Accounts output measures the margins gained by each industry.
Industry analysis and charts
In October 2023, 7 of the 13 industry divisions included in the indicator showed falls in monthly turnover in seasonally adjusted terms. The largest falls in monthly turnover were seen in:
- Arts and recreation services (-6.0%)
- Administrative and support services (-3.6%)
- Electricity, gas, water and waste services(-2.0%)
The industries that showed the largest rises in October 2023 were:
- Mining (1.7%)
- Professional, scientific and technical services (1.6%)
- Construction (1.3%)
Year-on-year, 9 of 13 industry divisions recorded rises in business turnover in October 2023, compared with October 2022. The largest rises were recorded in:
- Construction (16.4%)
- Other services (9.9%)
- Professional, scientific and technical services (5.6%)
The three industry divisions recording falls in business turnover in October 2023, compared with October 2022 were:
- Mining (-14.3%)
- Electricity, gas, water and waste services(-7.3%)
- Arts and recreation services (-5.0%)
Mining
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 120.2 | -2.2 |
| Nov-21 | 120.4 | 0.1 |
| Dec-21 | 124.7 | 3.6 |
| Jan-22 | 130.5 | 4.7 |
| Feb-22 | 136.2 | 4.3 |
| Mar-22 | 142.6 | 4.7 |
| Apr-22 | 153.3 | 7.6 |
| May-22 | 157.3 | 2.6 |
| Jun-22 | 170.1 | 8.1 |
| Jul-22 | 153.4 | -9.8 |
| Aug-22 | 159.5 | 4.0 |
| Sep-22 | 162.3 | 1.8 |
| Oct-22 | 163.7 | 0.9 |
| Nov-22 | 163.6 | -0.1 |
| Dec-22 | 158.8 | -3.0 |
| Jan-23 | 161.7 | 1.9 |
| Feb-23 | 155.2 | -4.0 |
| Mar-23 | 165.0 | 6.3 |
| Apr-23 | 143.6 | -13.0 |
| May-23 | 137.1 | -4.5 |
| Jun-23 | 137.9 | 0.6 |
| Jul-23 | 132.0 | -4.3 |
| Aug-23 | 134.0 | 1.5 |
| Sep-23 | 137.9 | 2.9 |
| Oct-23 | 140.3 | 1.7 |
Index base period: July 2019 = 100.0.
Manufacturing
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 103.9 | 0.6 |
| Nov-21 | 104.7 | 0.8 |
| Dec-21 | 105.6 | 0.8 |
| Jan-22 | 105.6 | 0.0 |
| Feb-22 | 106.8 | 1.1 |
| Mar-22 | 114.0 | 6.8 |
| Apr-22 | 115.4 | 1.2 |
| May-22 | 118.4 | 2.6 |
| Jun-22 | 123.2 | 4.1 |
| Jul-22 | 120.5 | -2.2 |
| Aug-22 | 124.5 | 3.3 |
| Sep-22 | 119.6 | -3.9 |
| Oct-22 | 121.7 | 1.8 |
| Nov-22 | 120.8 | -0.7 |
| Dec-22 | 124.1 | 2.7 |
| Jan-23 | 125.0 | 0.7 |
| Feb-23 | 123.7 | -1.0 |
| Mar-23 | 125.2 | 1.2 |
| Apr-23 | 128.4 | 2.6 |
| May-23 | 126.0 | -1.8 |
| Jun-23 | 127.6 | 1.3 |
| Jul-23 | 121.4 | -4.8 |
| Aug-23 | 130.3 | 7.3 |
| Sep-23 | 127.9 | -1.9 |
| Oct-23 | 127.8 | -0.1 |
Index base period: July 2019 = 100.0.
Electricity, gas, water and waste services
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 94.1 | -0.6 |
| Nov-21 | 96.3 | 2.4 |
| Dec-21 | 97.9 | 1.7 |
| Jan-22 | 97.8 | -0.2 |
| Feb-22 | 99.4 | 1.6 |
| Mar-22 | 106.6 | 7.2 |
| Apr-22 | 98.7 | -7.3 |
| May-22 | 119.4 | 21.0 |
| Jun-22 | 140.8 | 17.9 |
| Jul-22 | 148.5 | 5.4 |
| Aug-22 | 148.0 | -0.4 |
| Sep-22 | 120.5 | -18.5 |
| Oct-22 | 121.5 | 0.8 |
| Nov-22 | 119.7 | -1.5 |
| Dec-22 | 120.1 | 0.4 |
| Jan-23 | 108.0 | -10.1 |
| Feb-23 | 106.6 | -1.3 |
| Mar-23 | 112.2 | 5.2 |
| Apr-23 | 106.2 | -5.3 |
| May-23 | 118.2 | 11.2 |
| Jun-23 | 134.6 | 13.9 |
| Jul-23 | 113.0 | -16.0 |
| Aug-23 | 113.0 | 0.0 |
| Sep-23 | 114.9 | 1.7 |
| Oct-23 | 112.7 | -2.0 |
Index base period: July 2019 = 100.0.
Construction
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 102.0 | -0.8 |
| Nov-21 | 108.9 | 6.8 |
| Dec-21 | 106.8 | -2.0 |
| Jan-22 | 105.0 | -1.6 |
| Feb-22 | 107.7 | 2.6 |
| Mar-22 | 110.1 | 2.2 |
| Apr-22 | 106.1 | -3.6 |
| May-22 | 110.4 | 4.0 |
| Jun-22 | 110.8 | 0.3 |
| Jul-22 | 113.9 | 2.8 |
| Aug-22 | 115.6 | 1.5 |
| Sep-22 | 117.9 | 2.0 |
| Oct-22 | 121.3 | 2.9 |
| Nov-22 | 121.1 | -0.2 |
| Dec-22 | 122.4 | 1.1 |
| Jan-23 | 119.5 | -2.3 |
| Feb-23 | 126.7 | 6.0 |
| Mar-23 | 125.1 | -1.3 |
| Apr-23 | 127.5 | 2.0 |
| May-23 | 130.3 | 2.1 |
| Jun-23 | 133.8 | 2.7 |
| Jul-23 | 136.4 | 1.9 |
| Aug-23 | 136.4 | 0.0 |
| Sep-23 | 139.4 | 2.2 |
| Oct-23 | 141.2 | 1.3 |
Index base period: July 2019 = 100.0.
Wholesale trade
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 111.3 | 0.5 |
| Nov-21 | 114.2 | 2.6 |
| Dec-21 | 113.6 | -0.6 |
| Jan-22 | 120.6 | 6.2 |
| Feb-22 | 125.0 | 3.7 |
| Mar-22 | 121.6 | -2.8 |
| Apr-22 | 123.4 | 1.5 |
| May-22 | 123.8 | 0.3 |
| Jun-22 | 124.5 | 0.6 |
| Jul-22 | 125.3 | 0.6 |
| Aug-22 | 127.7 | 1.9 |
| Sep-22 | 128.2 | 0.4 |
| Oct-22 | 129.3 | 0.8 |
| Nov-22 | 128.0 | -1.0 |
| Dec-22 | 128.5 | 0.4 |
| Jan-23 | 128.0 | -0.4 |
| Feb-23 | 128.8 | 0.6 |
| Mar-23 | 129.6 | 0.6 |
| Apr-23 | 129.6 | 0.1 |
| May-23 | 130.3 | 0.5 |
| Jun-23 | 129.9 | -0.3 |
| Jul-23 | 130.9 | 0.7 |
| Aug-23 | 132.4 | 1.2 |
| Sep-23 | 132.9 | 0.4 |
| Oct-23 | 134.3 | 1.1 |
Index base period: July 2019 = 100.0.
Retail trade
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 118.8 | 4.0 |
| Nov-21 | 125.5 | 5.6 |
| Dec-21 | 125.2 | -0.2 |
| Jan-22 | 125.9 | 0.5 |
| Feb-22 | 130.9 | 4.0 |
| Mar-22 | 136.3 | 4.1 |
| Apr-22 | 136.1 | -0.2 |
| May-22 | 139.0 | 2.1 |
| Jun-22 | 139.5 | 0.4 |
| Jul-22 | 140.4 | 0.6 |
| Aug-22 | 142.4 | 1.4 |
| Sep-22 | 141.6 | -0.6 |
| Oct-22 | 140.4 | -0.8 |
| Nov-22 | 141.4 | 0.7 |
| Dec-22 | 139.0 | -1.7 |
| Jan-23 | 140.5 | 1.1 |
| Feb-23 | 140.8 | 0.3 |
| Mar-23 | 141.5 | 0.5 |
| Apr-23 | 143.0 | 1.1 |
| May-23 | 141.9 | -0.8 |
| Jun-23 | 140.0 | -1.3 |
| Jul-23 | 139.3 | -0.5 |
| Aug-23 | 144.0 | 3.3 |
| Sep-23 | 145.8 | 1.3 |
| Oct-23 | 143.8 | -1.4 |
Index base period: July 2019 = 100.0.
Accommodation and food services
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 89.1 | 16.1 |
| Nov-21 | 102.2 | 14.7 |
| Dec-21 | 109.1 | 6.7 |
| Jan-22 | 101.6 | -6.8 |
| Feb-22 | 106.4 | 4.7 |
| Mar-22 | 110.5 | 3.9 |
| Apr-22 | 122.1 | 10.5 |
| May-22 | 120.7 | -1.1 |
| Jun-22 | 123.9 | 2.7 |
| Jul-22 | 126.7 | 2.2 |
| Aug-22 | 127.0 | 0.3 |
| Sep-22 | 127.1 | 0.0 |
| Oct-22 | 128.2 | 0.9 |
| Nov-22 | 127.1 | -0.9 |
| Dec-22 | 131.4 | 3.4 |
| Jan-23 | 129.0 | -1.8 |
| Feb-23 | 129.5 | 0.4 |
| Mar-23 | 132.3 | 2.2 |
| Apr-23 | 133.0 | 0.5 |
| May-23 | 133.7 | 0.6 |
| Jun-23 | 132.4 | -0.9 |
| Jul-23 | 132.4 | 0.0 |
| Aug-23 | 133.7 | 1.0 |
| Sep-23 | 134.3 | 0.4 |
| Oct-23 | 135.1 | 0.6 |
Index base period: July 2019 = 100.0.
Transport, postal and warehousing
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 96.8 | 0.9 |
| Nov-21 | 103.8 | 7.3 |
| Dec-21 | 108.2 | 4.2 |
| Jan-22 | 105.6 | -2.4 |
| Feb-22 | 112.4 | 6.4 |
| Mar-22 | 118.3 | 5.2 |
| Apr-22 | 120.3 | 1.7 |
| May-22 | 123.2 | 2.4 |
| Jun-22 | 127.4 | 3.4 |
| Jul-22 | 127.3 | 0.0 |
| Aug-22 | 132.1 | 3.8 |
| Sep-22 | 130.9 | -0.9 |
| Oct-22 | 129.7 | -0.9 |
| Nov-22 | 131.0 | 1.0 |
| Dec-22 | 127.6 | -2.6 |
| Jan-23 | 129.6 | 1.5 |
| Feb-23 | 126.9 | -2.1 |
| Mar-23 | 130.4 | 2.8 |
| Apr-23 | 121.9 | -6.5 |
| May-23 | 125.3 | 2.7 |
| Jun-23 | 123.9 | -1.1 |
| Jul-23 | 123.7 | -0.2 |
| Aug-23 | 124.1 | 0.3 |
| Sep-23 | 124.7 | 0.5 |
| Oct-23 | 125.9 | 1.0 |
Index base period: July 2019 = 100.0.
Information media and telecommunications
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 104.3 | 1.6 |
| Nov-21 | 106.6 | 2.2 |
| Dec-21 | 108.4 | 1.7 |
| Jan-22 | 109.8 | 1.3 |
| Feb-22 | 111.3 | 1.3 |
| Mar-22 | 112.5 | 1.1 |
| Apr-22 | 116.8 | 3.8 |
| May-22 | 118.5 | 1.5 |
| Jun-22 | 118.2 | -0.3 |
| Jul-22 | 114.3 | -3.3 |
| Aug-22 | 115.7 | 1.2 |
| Sep-22 | 117.5 | 1.6 |
| Oct-22 | 120.5 | 2.5 |
| Nov-22 | 118.7 | -1.5 |
| Dec-22 | 118.9 | 0.2 |
| Jan-23 | 116.9 | -1.7 |
| Feb-23 | 119.6 | 2.3 |
| Mar-23 | 120.5 | 0.8 |
| Apr-23 | 119.5 | -0.9 |
| May-23 | 122.9 | 2.8 |
| Jun-23 | 127.1 | 3.4 |
| Jul-23 | 123.6 | -2.7 |
| Aug-23 | 122.7 | -0.8 |
| Sep-23 | 125.3 | 2.1 |
| Oct-23 | 123.5 | -1.4 |
Index base period: July 2019 = 100.0.
Professional, scientific and technical services
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 102.2 | 0.0 |
| Nov-21 | 103.6 | 1.4 |
| Dec-21 | 105.5 | 1.8 |
| Jan-22 | 104.9 | -0.5 |
| Feb-22 | 107.8 | 2.7 |
| Mar-22 | 109.3 | 1.4 |
| Apr-22 | 108.6 | -0.6 |
| May-22 | 104.3 | -4.0 |
| Jun-22 | 110.4 | 5.9 |
| Jul-22 | 112.5 | 1.8 |
| Aug-22 | 114.7 | 2.0 |
| Sep-22 | 116.3 | 1.4 |
| Oct-22 | 116.9 | 0.6 |
| Nov-22 | 118.2 | 1.1 |
| Dec-22 | 116.8 | -1.2 |
| Jan-23 | 117.9 | 0.9 |
| Feb-23 | 118.2 | 0.2 |
| Mar-23 | 120.3 | 1.7 |
| Apr-23 | 118.7 | -1.3 |
| May-23 | 119.5 | 0.7 |
| Jun-23 | 120.2 | 0.6 |
| Jul-23 | 121.1 | 0.7 |
| Aug-23 | 122.5 | 1.2 |
| Sep-23 | 121.5 | -0.8 |
| Oct-23 | 123.4 | 1.6 |
Index base period: July 2019 = 100.0.
Administrative and support services
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 86.5 | 2.2 |
| Nov-21 | 94.1 | 8.8 |
| Dec-21 | 92.3 | -1.9 |
| Jan-22 | 90.7 | -1.7 |
| Feb-22 | 93.5 | 3.0 |
| Mar-22 | 96.1 | 2.9 |
| Apr-22 | 97.3 | 1.2 |
| May-22 | 100.8 | 3.6 |
| Jun-22 | 101.7 | 0.9 |
| Jul-22 | 102.3 | 0.6 |
| Aug-22 | 105.3 | 3.0 |
| Sep-22 | 105.6 | 0.3 |
| Oct-22 | 108.2 | 2.4 |
| Nov-22 | 107.6 | -0.5 |
| Dec-22 | 110.1 | 2.3 |
| Jan-23 | 110.8 | 0.7 |
| Feb-23 | 113.6 | 2.5 |
| Mar-23 | 113.0 | -0.5 |
| Apr-23 | 109.9 | -2.8 |
| May-23 | 111.6 | 1.6 |
| Jun-23 | 108.9 | -2.4 |
| Jul-23 | 114.8 | 5.4 |
| Aug-23 | 112.7 | -1.8 |
| Sep-23 | 114.3 | 1.4 |
| Oct-23 | 110.2 | -3.6 |
Index base period: July 2019 = 100.0.
Arts and recreation services
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 91.9 | 4.6 |
| Nov-21 | 110.1 | 19.7 |
| Dec-21 | 112.9 | 2.6 |
| Jan-22 | 104.5 | -7.4 |
| Feb-22 | 110.9 | 6.1 |
| Mar-22 | 116.9 | 5.4 |
| Apr-22 | 127.8 | 9.3 |
| May-22 | 126.9 | -0.7 |
| Jun-22 | 126.2 | -0.5 |
| Jul-22 | 128.7 | 2.0 |
| Aug-22 | 127.3 | -1.1 |
| Sep-22 | 132.3 | 3.9 |
| Oct-22 | 132.8 | 0.4 |
| Nov-22 | 132.8 | 0.0 |
| Dec-22 | 131.3 | -1.1 |
| Jan-23 | 128.7 | -2.0 |
| Feb-23 | 127.7 | -0.8 |
| Mar-23 | 135.5 | 6.1 |
| Apr-23 | 136.2 | 0.5 |
| May-23 | 136.7 | 0.4 |
| Jun-23 | 136.4 | -0.2 |
| Jul-23 | 130.9 | -4.1 |
| Aug-23 | 134.7 | 2.9 |
| Sep-23 | 134.3 | -0.3 |
| Oct-23 | 126.2 | -6.0 |
Index base period: July 2019 = 100.0.
Other services
| Business turnover index (pts) | Monthly percentage change (%) | |
|---|---|---|
| Oct-21 | 103.8 | -0.1 |
| Nov-21 | 109.3 | 5.3 |
| Dec-21 | 106.7 | -2.4 |
| Jan-22 | 104.9 | -1.7 |
| Feb-22 | 110.2 | 5.1 |
| Mar-22 | 115.7 | 4.9 |
| Apr-22 | 110.6 | -4.4 |
| May-22 | 112.6 | 1.8 |
| Jun-22 | 114.2 | 1.4 |
| Jul-22 | 114.3 | 0.1 |
| Aug-22 | 118.3 | 3.5 |
| Sep-22 | 116.8 | -1.3 |
| Oct-22 | 118.8 | 1.7 |
| Nov-22 | 123.1 | 3.7 |
| Dec-22 | 121.1 | -1.7 |
| Jan-23 | 124.6 | 2.9 |
| Feb-23 | 125.3 | 0.6 |
| Mar-23 | 127.4 | 1.6 |
| Apr-23 | 127.7 | 0.2 |
| May-23 | 130.5 | 2.2 |
| Jun-23 | 132.8 | 1.7 |
| Jul-23 | 131.6 | -0.9 |
| Aug-23 | 129.2 | -1.8 |
| Sep-23 | 131.9 | 2.0 |
| Oct-23 | 130.5 | -1.1 |
Index base period: July 2019 = 100.0.
