Shift uses transaction data from a representative sample of business in Australia to gain insights into their financial and operational performance.
The Liquidity Index is calculated by measuring changes in business liquidity to garner insights into the overall level of business health. The Business Liquidity Index fell by 1 point in October (-1.5% MoM, -18.5% YoY).
The Sales Index tracks changes in sales to measure business performance. Over October, sales advanced by 9 points (+8.2% MoM, +15.5% YoY).
Supplier spend tracks business costs and expenditures on goods and services, material and equipment, utilities, fuel and insurance.
Supplier spend increased by 7 points over October (+6.2% MoM, +5.3% YoY).
Wage spend tracks business spend on wages and salary payments. Wage spend increased by 5 points over October (-5.1% MoM, +6% YoY).
The Business Index is baselined to February 2021, using six months of average transactions as the denominator.
The Index is calculated by taking a representative sample of businesses from around Australia varied by size, industry and location and looking at their credit transactions across all business account types (e.g. transaction, savings and credit card).