Photo by: Bloomberg
PERTH (miningweekly.com) – New data from the Australian Bureau of Statistics (ABS) has shown that mining turnover continues to fall, with the mining industry reporting the largest fall in the 13 selected industries during May.
“Mining turnover fell 6% in May, following a 12.1% fall in April, as demand and prices for commodities such as iron-ore and coal come off recent highs,” said ABS head of business indicators Robert Ewing.
“Increased monthly turnover was seen in 11 of the 13 selected industries in May, after most industries saw falls in turnover in the previous month. Electricity, gas, water and waste services recorded the largest monthly percentage rise, increasing 12.8%, after falling 7.5% in April.”
In year-on-year terms, 12 of the 13 selected industries recorded rises. Increases were led by construction while electricity, gas, water and waste services had the smallest rise. Through the year to May, the only industry recording a fall in turnover was mining, down 13.5%, the largest negative year-on-year fall for the industry since August 2020, which fell by 14.6%