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…

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…

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…

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…

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.…

As cash rate increases flow through to higher repayments, more Australian consumers are starting to struggle.

There has been a sharp increase in consumer delinquency rates in the past six months, beyond what we would expect to see seasonally.

Find out what our latest data is revealing in our Australian Economic Snapshot below

Are you feeling the pinch of rising costs? Recent data from illion has revealed that rising essential living costs have created a selective consumer landscape with local business expected to suffer the most.

Find out what the latest data in our latest Australian Economic Snapshot which includes analysis on how consumers are winding back their spending…

With the overall stress in the Australian market starting to impact company financials, late payments times are starting to increase.

Find out what the latest data shows, including a breakdown of those industries hardest hit, in our latest Australian Economic Snapshot below.

Click through to see the full results.