MYOB SME Performance Indicator - December 2024

Economic and FiscalAll Reports
Written By Nathan Blane

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The December MYOB SME Performance Indicator Report, analyses the economic performance of Australia’s small and medium-sized enterprises. The December Report highlights key insights including:

  • The SME Performance Score rose slightly to -2.0, signalling stabilisation after previous declines.

  • Utility prices are a major source of pressure for small business, with average prices for both
gas and electricity higher at the end of 2024 compared with the end of the previous year.

  • The December outcome suggests the small business sector may make only a small contribution to Australian GDP growth in the December quarter, and that December quarter GDP growth will be modest.  

December 2024

Nathan Blane
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