SME Sector Shows Strongest Growth Since 2023

'Green shoots': Fresh data shows SME performance is strongest since 2023

Productivity, profit and output are all on the rise among Australian small business owners according to MYOB’s latest SME Performance Indicator, suggesting ‘green shoots’ of growth after a becalmed two years, as SMEs benefit from easing input cost growth and improving demand.  “What we’re seeing in this quarter’s data is more than a modest uplift; it’s an early indication that the fundamentals for Australia’s small and medium businesses are star…

MYOB data shows Australian SME growth surges with digital focus

Australia's SME sector posts strongest half-year growth since 2023, driven by digital adoption and productivity, nearing pre-pandemic output levels.

SME Sector Shows Strongest Growth Since 2023

Australia’s small- and medium-sized enterprises (SMEs) have achieved their best half-year performance since 2023, according to MYOB’s latest SME Performance Indicator. The September quarter saw output increase by 1 per cent, signalling a positive shift for the sector. MYOB is a technology platform that provides business management solutions to small and medium sized businesses. The company serves approximately one million businesses across Austr…