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 up 3 points in October, down 23 points YoY.
The Sales Index grew by 1 point over October, led by strong growth within the Hospitality and Manufacturing Industries. Hospitality grew by 5 points to a 17-point increase YoY.
Transport Sales fell by 6 points however, after a high of 129 over September, and ended October up 13-point YoY.
Suppliers spend tracks business costs and expenditures on goods and services, material and equipment, utilities, fuel and insurance.
Over October, Supplier spend fell by 6 points after a 117 point high in September.
Wage Spend tracks business spend on wages and salary payments.
Wage growth continued in October, spiking particularly in the Hospitality Sector, up 4 points from September and 9 points YoY.
The Business Index was baselined to February 2021, using six months of average transactions as the denominator.
The Index was calculated by taking a representative sample of businesses from around the country (varied by size, industry and location) and looking at their credit transactions across all account types (e.g. transactions, savings and credit cards).
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).