• 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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.…

  • 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,…

  • Economic Snapshot July 2023

    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