Cash flow

49.8^%

of Australian small businesses were cash flow positive in February

-1.1 p.p.
Month on monthMoM

0.4 p.p.
Year on yearYoY

Getting paid

34.6

days on average for Australian small-business invoices with 30-day terms to be paid in February

-5.6 %
Month on monthMoM

-3.8 %
Year on yearYoY

Hiring people

2.39^%

change in the number of Australian small business employees from January to February

0.06 p.p.
Year on yearYoY

Trading overseas

-11.1^%

change in the total dollar value of imports and exports for Australian small businesses from January to February

0.1 p.p.
Year on yearYoY

Cloud adoption

27.0 ^%

growth in Australian subscribers on Xero in the year through 30 September 2018

Cash flow 49.8%
Getting paid 34.6
Hiring people 2.39%
Trading overseas -11.1%
Cloud adoption 27.0 %

June

SBI Jun 2020.pdf (155 KB)

Australia

Reporting period: Mar 1, 2020 - Apr 30, 2020

Published: Jun 11, 2020

01.03.2020 - 30.04.2020

Published: Jun 11, 2020

Xero data uncovers COVID impact on small businesses as recession lands

Monthly commentary
Trent Innes
4

Supported by

49.8%

-1.1 p.p. Month on monthMoM

0.4 p.p. Year on yearYoY

34.6

-5.6 % Month on monthMoM

-3.8 % Year on yearYoY

2.39%

0.06 p.p. Year on yearYoY

-11.1%

0.1 p.p. Year on yearYoY

27.0 %