Shift Business Index

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April 2022

Shift uses transaction data from a representative sample of business in Australia to gain insights into their financial and operational performance.

BUSINESS HEALTH
0
Last month: 82
BUSINESS SALES
0
Last month: 101
SUPPLIER SPEND
0
Last month: 103
WAGE SPEND
0
Last month: 104
Table of Contents





  • The Running Balance measure is calculated by measuring changes in business liquidity to garner insights into the overall level of business health.
  • Baselined to Feb 2021, the Running Balance Index is up 3 points in April, however it remains down 11 points YOY.
  • Business in the Retail Trade sector lead the increase in liquidity over April, up 11 points from March, followed by Transport and Postal services, up 6 points.

Key Measures

Key measures such as Business Sales, Supplier Spend and Wage Spend can provide further insights into business liquidity.
  • Sales over April have slowed, falling 7 points following a strong March performance, although Sales remain 3 points higher YOY.
  • Hospitality (down 9 points) and Retail Trade (down 8 points) led this decline in Sales across industries.

Key Measures – Business Costs
(Supplier Spend)

  • Supplier Spend tracks expenditures on goods and services, material and equipment, utilities, fuel and insurance.
  • Over 2022, supplier spend has increased a percentage, as businesses face rising costs across the board
  • Over the Month of April, businesses directed on average 54% of their incoming cash flow to meet supplier costs.

Key Measures - Business Costs
(Wage Spend)

  • Over 2022, there has been a steady increase in the amount that businesses are spending on Wages.
  • Business expenditure on wages is particularly marked in the Hospitality and Retail Trade Industries, up 4 points and 2 points respectively.

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About the data

Shift Business Index

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 account types (e.g. transaction, savings and credit card).