"Insolvencies across all Australian industries have risen by an average 38 per cent in April 2024 compared to the same month last year, with retail insolvencies above average at 46 per cent.
This is according to new data from credit reporting bureau CreditorWatch.
Retail insolvencies in April come fifth from the top, with electricity, gas, water and waste services recording the highest percentage lift of 89 per cent, followed by education and training at 87 per cent and mining at 72 per cent.
Construction insolvencies are on par with retail at 46 per cent.
The total number of insolvencies across the board is up 34 per cent year-on-year and 41 per cent above its pre-COVID maximum."
- Forums
- Political Debate
- Australia suffering under Labor
"Insolvencies across all Australian industries have risen by an...
-
- There are more pages in this discussion • 370 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online