Shift Business Index

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July 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: 84
BUSINESS SALES
0
Last month: 104
SUPPLIER SPEND
0
Last month: 113
WAGE SPEND
0
Last month: 109
Table of Contents





  • The Shift Business Index is calculated by measuring changes in a business liquidity to garner insights into the overall level of business health.
  • The Business Index is up 1 point in July, down 7 points YoY.
  • Liquidity from businesses within the Retail Trade sector continues to fall this month, down a further 4 points on the index following its 7-point drop in June.
  • Businesses within the Hospitality sector grew their liquidity over July, rising 1 point following a month of strong sales.

Key Measures – Business Costs
(Supplier Spend)

  • Supplier spend tracks business costs and expenditures on goods and services, material and equipment, utilities, fuel and insurance.
  • Retail Trade (up 6 points) and Hospitality (up 4 points) led growth in Supplier Spend over the month of July.

Key Measures - Business Costs
(Wage Spend)

  • Wages spend tracks business spend on wage and salary payments.
  • Growth on wage spend continues to be driven by Hospitality, rising a further 3 points, now up to 15 points higher YoY.
  • Retail Trade also follows a similar trend, rising 2 points over July to a 7-point YoY increase.
  • The Fuel Spend index tracks business spend on fuel payments. The Fuel Spend Index continued to rise over July, up 1 point from June, and 18 points up YoY.
  • While spend did slow following the fuel excise cut from 30 March, business fuel spend has continued to increase over May, June and July, up 16 points overall since April.

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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).