New data released today by illion shows how the Australian government’s textbook stimulus response offset falling spending in the rest of the economy.

During the COVID pandemic Australian consumer spending dropped very rapidly – down 21% below normal levels at the height of the pandemic.

In response, the Government implemented a strong set of stimulus measures. These […]

New data released today by illion shows the important role coffee is playing in helping COVID-weary Aussies cope with the daily grind.

Whether it’s a time-honored cappuccino or a trendier macchiato, cafephiles in Sydney and Melbourne continue to feed their cravings for fresh ground caffeine in the suburbs.Coffee consumption in Sydney City, has fallen. However, the traditional […]

New data released today by illion has confirmed New South Wales was on the same downward spending trajectory as Victoria in early August, with its lowest spending since early June.

This week’s spend data, however, has seen New South Wales recover slightly to re-join other states, but it is still at 3% below pre-crisis levels.

Overall spending […]

COVID-19 has wreaked havoc on businesses, with late payments impacting business viability.

The most recent data by illion shows a sharp decrease in revenue in the first half of 2020 across key industries. Revenue decreased from above 100 per cent of index in February to 70 per cent in July 2020.illion’s trade payment data shows a […]

New data released today by illion has confirmed that early superannuation withdrawal continues to drive a huge spending boom and that the program has not been used as intended by many Australians.

The analysis of de-identified, aggregated information from more than 10,000 Australians who withdrew superannuation early continues to find some disturbing facts about what it […]

As lenders continue to deal with the fallout from COVID-19 and customers rush to lock in a competitive loan, our partnership with Tic:Toc has come at an opportune time. As such, we’re now ideally placed to bring Tic:Toc’s financial validation technology, XAI Validate, to life for your business.

The real power of this partnership lies in […]

New data released today by illion has confirmed that spending continues to rise to 15% above pre-crisis levels, driven by the massive cash flow impact of early withdrawal of up to $10,000 in superannuation money and the impact of $750 Stimulus payments.

The new data – covering 20-26 July – has revealed that almost all of […]