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Not a surprise.Business confidence has been tanking since they...

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Cowboyinvestor

18,864 Posts.

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20/04/24

09:10

Post #: 73435743
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Originally posted by 310843B: ↑

Comrades Albo and his play pal Dim Jim
must be both Sacked

reading
this country is going down the drain faster than even comrade Whitlam could dream of

"In total, 1131 businesses went bust in the month,
which was the largest number since ASIC started collecting these statistics in 1999."

Australian insolvencies hit a record high in March, according to the latest data released by the corporate regulator. In total, 1131 businesses went bust in the month, which was the largest number since ASIC started collecting these statistics in 1999.
Intensifying labour and input costs are a killer for companies with little pricing power.
Seasonally adjusting the data, we get the same result: corporate failures hit a 25-year high despite the fact the economy continues to expand and.........

more on the link
https://www.copyright link/wealth/i...high-and-that-s-very-bad-news-20240419-p5fl36

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Not a surprise.

Business confidence has been tanking since they were in government

add to that back to back to back Quarters of Per Capita GDP recession… Australians are going backwards under this lot

https://www.savings.com.au/news/gdp-household-savings#:~:text=Measured%20by%20current%20prices%2C%20GDP,to%20slow%20the%20Australian%20economy.

Last edited by Cowboyinvestor: 20/04/24
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