Businesses throughout the economy reporting revenue growth

All 13 industries monitored by the Australian Bureau of Statistics (ABS) have recorded year-on-year increases in their turnover, according to the latest data.

After analysing business activity statements, the ABS found turnover increased by:

• Accommodation & food services2% in the year to January
• Mining3%
• Administrative & support services8%
• Arts & recreation services3%
• Transport, postal & warehousing1%
• Manufacturing9%
• Other services2%
• Construction2%
• Retail trade5%
• Professional, scientific & technical services8%
• Information media & telecommunications8%
• Electricity, gas, water & waste services1%
• Wholesale trade0%

The latest ABS jobs data was also encouraging, with the unemployment rate falling from 3.7% to 3.5% between January and February, and the number of people in work increasing by a net 48,100.

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