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CreditorWatch Blog

The Riskiest Industries of Financial Year 2019

The Riskiest Industries of Financial Year 2019

CreditorWatch reviewed industry data across that last 12 months. It may be no surprise to some that the riskiest industry was Construction. The statistics were loud and clear across each state that construction was performing poorly. Looking at court actions, New South Wales was the riskiest in Construction by 33%. New South Wales had the […]

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Small Business Risk Review Quarter 2, 2019 – What’s going on with NSW, SA and VIC?

Small Business Risk Review Quarter 2, 2019 – What’s going on with NSW, SA and VIC?

The second quarter of 2019 saw a continued increase in court actions for New South Wales, South Australia and Victoria. Comparing this quarter with Quarter 2, 2018 really highlights the increase in court actions and judgments for those three states. Since December 2018, NSW has seen a steady rise in court actions. However, the largest […]

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An industry “slow to embrace technology” – until there’s a real need for a solution

An industry “slow to embrace technology” – until there’s a real need for a solution

“Universities will want to play a role, industries will want to play a role, start-ups will want to play a role.” These were the words of NSW Premier Mike Baird recently speaking to the ABC about plans to transform Sydney’s inner-west foreshore into a new tech hub. A development some say is long overdue – not least, one […]

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Construction industry shows August expansion

Construction industry shows August expansion

After declining or remaining stable for 9 months, Australia’s construction industry expanded during the month of August. The Australian Performance of Construction Index (Australian PCI) increased by 6.7 points to 53.8. Readings above 50 indicate an expansion in activity. The expansion has been driven by improvements in the new orders and activity sub-indexes, as well […]

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Insolvencies: trending up over the long-term

The rate of business failures has more then doubled over the last 15 years according to the Jones Partners Insolvency report. The findings of the report conducted by economist Christopher Nadarajah and consultancy IBIS World were published by NewsCorp Australia this week. The report finds that 3.4 per cent of all businesses were placed into […]

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