Small business revenues have risen for the sixth consecutive month and hiring plans have also picked up, two indicators that point to a safe landing for small business as the federal JobKeeper program tapers off.
Real time data from accounting software company Xero, charting more than 100,000 businesses with fewer than 20 employees, as well as new Australian Bureau of Statistics data show revenues were higher.
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Matthew Cranston was The Australian Financial Review’s United States correspondent.