Shift Business Index

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September 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: 83
YoY: 109
BUSINESS SALES
0
Last month: 109
YoY: 87
SUPPLIER SPEND
0
Last month: 117
YoY: 100
WAGE SPEND
0
Last month: 117
YoY: 114
Table of Contents





Supplier Spend

Supplier spend tracks business costs and expenditure on goods and services, material and equipment, utilities, fuel and insurance.

Supplier spend fell by 6 points over September, however remains up 11 points YoY. The Transport sector rising 1 point on the index was an outlier this month, with rising fuel spend contributing to this increase.

Wage Spend

Wage Spend tracks business spend on wages and salary payments.

Wage growth continued over September, rising one point. After a sharp growth in August, wage spend in the Hospitality sector fell 1 point, however Hospitality remains the leading industry in Wage spend. In the Construction sector, wage spend continued its growth, rising 3 points to a 111 point high, up 9 points YoY.

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).