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Aug 28 2024 Economic Snapshot August 2024
The involvement of company directors in previously failed businesses can serve as a vital indicator of potential risks, especially in smaller businesses.
To find out more, including which industries have the highest percentage of failed company directors, check out our Economic Snapshot below:
Behind the Data: The who, what, where, when and why behind the data
Who: The… -
Jun 26 2024 Economic Snapshot June 2024
Despite ongoing business challenges, our newly introduced illion Growth Index is revealing a surge in trade activity in Australia in the past six months, particularly in a few key industries.
Find out more in our Economic Snapshot below:
Behind the Data: The who, what, where, when and why behind the data
Who: The analysis has been compiled by… -
Apr 29 2024 Economic Snapshot April 2024
We have seen a significant surge in business insolvencies in FY2023 and FY2024, a trend that is likely to continue for the remainder of the financial year.
With the continued increase in economic challenges, will companies be able to adapt?
Find out more in our Economic Snapshot below:
Behind the Data: The who, what, where, when and why… -
Feb 27 2024 Economic Snapshot February 2024
According to recent data observed by the illion trade bureau, cafes and restaurants are now facing increased financial stress, as consumers have been spending less at these establishments in 2024.
This has resulted in a significant rise in the average number of days businesses in this industry are delaying invoice payments to suppliers.
Could these delayed payments…
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Dec 11 2023 The only constant is change
Today’s operating environment is best captured by the notion that ‘The only constant is change’.
Coming out of COVID-19 into an economic downturn, our industry is facing a new credit risk landscape and the challenges of tighter operating conditions. At the same time, we have entered the long-awaited age of artificial intelligence.
This video features our Chief… -
Dec 08 2023 2023 Year in Review
Our experts have summarised the key insights in Australia for 2022. -
Oct 18 2023 Economic Snapshot October 2023
Late payments continue to be on the rise, impacting various industries differently in the Australian economy. illion’s trade bureau helps report on these shifts by monitoring payment behaviour between businesses and suppliers.
Over the last 12 months, the Construction and Manufacturing industries have been stand outs, with a 49% and 31% increase in late payment times…
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Sep 26 2023 Economic Snapshot September 2023
Many mortgage lenders have reduced the time it takes for consumers to get a new home loan or refinance.
In the last two years, there has been a steady decline in the time it takes from an initial enquiry to an account being funded.
While non-Big-4 lenders have traditionally been providing the fastest onboarding and approval processes… -
Aug 23 2023 Economic Snapshot August 2023
Recent data shows more young homeowners in Australia and New Zealand are falling behind on their mortgage payments, with the youngest borrowers struggling the most.
Find out more in our Economic Snapshot.
Behind the Data: The who, what, where, when and why behind the data
Who: The analysis is compiled by Louis Tsang, Head of Analytics at illion.… -
Aug 08 2023 Overdue invoices & debt conditions in Australia
SYDNEY 8th Aug 2023: New research released today by credit bureau, illion, shows that a rise in overdue trade invoices and debt collection indicates that business conditions for Australians are likely to deteriorate through 2023. The ‘retail’, ‘food’, and ‘construction’ sectors are especially vulnerable.
With financial stress from falling revenues and rising costs impacting business solvency,…