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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,…
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Jul 26 2023 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
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May 19 2023 Economic Snapshot May 2023
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…
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Mar 27 2023 Economic Snapshot March 2023
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.
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Feb 17 2023 Love Data Week 2023
We received many thought-provoking responses which included:
“Data is the fundamental ingredient which bring illion’s scores to life – like the iTRS (illion Transactional Risk Score) which has the ability to increase access to mainstream credit for the one in five Australians who are underbanked.”
“It gives us great pride and it’s also humbling to step back…
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Dec 14 2022 2022 Year in Review
Our experts have summarised the key insights in Australia for 2022. -
Dec 14 2022 Economic Snapshot 2022 year in review
Record inflation figures in 2022 meant that RBA has had to lift cash rates to record levels not seen since before 2014.
illion data shows stress is starting to materialise, with consumer delinquencies in some unsecured credit products starting to rise. Mortgage delinquencies have yet to materialise, but as the cash rate increases flow through to…
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Nov 14 2022 Economic Snapshot November 2022
Inflationary pressures have started to cause structural shifts in Australian consumer spending patterns with some industries increasing their total spend and others cutting back.
Find out what the latest data shows in our latest Australian Economic Snapshot below:
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Oct 17 2022 Economic Snapshot October 2022
In our latest Australian Economic Snapshot, we provide an insight into the current personal loans lending activity in the Australian market, revealing an interesting relationship between an individual’s credit score and their subsequent approved credit limit.
Find out more below:
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Sep 14 2022 Economic Snapshot September 2022
New data reveals the extent of the current debt plight of Australians, with a rapid growth in personal loan delinquency rates.
Find out what the latest figures are across the banking sector in our latest Australian Economic Snapshot below:Key Australian industries are struggling to avert insolvency.
While insolvencies in most industries have remained below pre-COVID levels in…