Shift Business Index

Home
›

August 2022

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

BUSINESS LIQUIDITY
0
Last month: 85
YoY: 95
BUSINESS SALES
0
Last month: 98
YoY: 87
SUPPLIER SPEND
0
Last month: 105
YoY: 98
WAGE SPEND
0
Last month: 110
YoY: 103
Table of Contents




  • The Liquidity Index is calculated by measuring changes in a business liquidity to garner insights into the overall level of business health.
  • Liquidity is down 2 points in August, down 12 points YoY.
  • Liquidity within the Construction sector fell by 4 points, following a slow sales performance in July (down 11 points) and rising supplier costs.
  • The Supplier spend measure for Construction rose 12 points over August.

Key Measures

Sales

  • Sales rose by 11 points from July, up 22 points YoY.
  • Leading this growth was Hospitality, up 14 points over the month of August.
  • Slower growth was seen in the Transport and Retail Trade sectors, growing by 6 and 9 points respectively.

Key Measures – Business Costs
(Supplier Spend)

  • Supplier spend tracks business costs and expenditures on goods and services, material and equipment, utilities, fuel and insurance.
  • On an industry level, Construction (up 11 points) and Hospitality (up 10 points) continue to face rising costs as their supplier spend increased over August.

Key Measures - Business Costs
(Wage Spend)

  • Wage spend tracks business spend on wages and salary payments.
  • As seen consistently over the past three months, businesses in the Hospitality sector continue to face rising wage pressures. Wage costs are highest in the Hospitality sector, up 9 points in August and 26 points YoY.
  • The Fuel Spend index tracks business expenditures and payments on fuel. Fuel spend increased by 1 point in August.
  • Fuel spend has remained relatively consistent in August, as the fuel excise cut ends on 29 September.

Archive

December 2023
November 2023
October 2023
September 2023
August 2023
July 2023

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).