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 September, and down 22 points YoY.
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 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.
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).