Hiring people Archives - Small Business Insights

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

2.39%
0.06 p.p. YoY

2.39%
0.06 p.p. YoY

Percentage change in number of small business employees

Overall hiring in February rose 2.4% month on month, led by a 5% jump in casual employees.

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 %

Hiring people

Percentage change in number of small business employees

2.39%

Xero data uncovers COVID impact on small businesses as recession lands

February’s data shows small business conditions before COVID-19 hit

The toughest month for Australian small businesses

49.8^%

-1.1 p.p.
Month on monthMoM

0.4 p.p.
Year on yearYoY

-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 ^%

2.39^%