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).
Image
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.
As an enthusiast with a deep understanding of economic indicators and business analysis, I bring to you a comprehensive breakdown of the concepts and data presented in the article.
The provided article discusses the Monthly Business Turnover Indicator for October 2023, offering insights into the month-to-month movements in the context of overall economic activity across various industries. The key points and concepts covered include:
-
Total Turnover Disparities Among Industries:
- The introductory statement emphasizes the importance of considering total turnover differences between industries when analyzing month-to-month movements in the context of overall economic activity.
-
Chart Description:
- The article refers to a chart that includes 13 circles, each representing an industry division in the Monthly Business Turnover Indicator.
- The size of each circle corresponds to the industry's share of total business turnover for the 2022-23 financial year.
- The circles are shaded with different colors to represent the monthly change in the Monthly Business Turnover Indicator for the current reference month.
-
Color Coding for Monthly Movements:
- Industries with negative movements are colored orange.
- Industries with little or no movement are represented in grey.
- Industries with positive movements are depicted in blue.
-
Highlighted Industries:
- The article highlights that Manufacturing, Mining, Wholesale trade, and Retail trade have the largest circles, indicating a significant share of total business turnover.
- Mining is specifically mentioned to have a positive movement in business turnover, represented by a light blue color.
- Arts and recreation services are highlighted with an orange color, indicating a negative movement in business turnover.
-
Industry Analysis and Statistics for October 2023:
- Seven out of the 13 industry divisions showed falls in monthly turnover in seasonally adjusted terms in October 2023.
- Arts and recreation services, Administrative and support services, and Electricity, gas, water, and waste services experienced the largest falls.
- Mining, Professional, scientific and technical services, and Construction were among the industries that showed the largest rises in October 2023.
-
Year-on-Year Comparisons:
- Nine out of 13 industry divisions recorded rises in business turnover in October 2023 compared with October 2022.
- Construction, Other services, and Professional, scientific and technical services recorded the largest year-on-year rises.
-
Detailed Business Turnover Indicator Data:
- Business turnover indicator data is provided for specific industries such as Mining, Manufacturing, Electricity, gas, water and waste services, Construction, Wholesale trade, Retail trade, Accommodation and food services, Transport, postal and warehousing, Information media and telecommunications, Professional, scientific and technical services, Administrative and support services, Arts and recreation services, and Other services.
- The data includes monthly turnover indices, percentage changes, and color-coded representations.
This breakdown offers a comprehensive understanding of the article, covering the key concepts related to industry turnover, monthly movements, and year-on-year comparisons. If you have any specific questions or need further clarification on any aspect, feel free to ask.
