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.
Liquidity is down 3 points in November, down 24% YoY.
The Sales Index rose by 3 points over November, for a 2% growth YoY.
The Hospitality (up 14% YoY) and Construction (up 11% YoY) Industries grew sales by 5 points on the Index over November. The largest growth for November was in the Transport sector, which was up 10 points to a 24% growth YoY.
Supplier spend tracks business costs and expenditures on goods and services, material and equipment, utilities, fuel and insurance.
Over November, supplier spend grew by 5 points (up 7% YoY). The Hospitality sector saw a 9-point rise in supplier spend over November, up 8% YoY.
Wage spend tracks business spend on wages and salary payments.
Wage spend rose by 1 point in November, up 13% YoY. By industry, the Hospitality sector experienced the largest growth, rising 1 point in November to a 14% increase 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 account types (e.g. transaction, savings and credit card).