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…

The June 2024 Australian Consumer Stress Barometer shows younger Australians (who are mostly excluded from home ownership) are struggling to get ahead financially, due to burdens of higher rent and higher servicing costs on personal borrowings.

Australia risks having a social divide open between older and young Australians creating in effect, a ‘Gen-Z recession’.

This is a…

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…

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.…