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Business Risk Index

Trade Receivables Growth Probability of Default
Month-on-Month

Geographical Risk Index

The Geographic Business Risk Index ranks regions from best-to-worst in terms of future insolvency risk for businesses. 
It ranks more than 300 regions in Australia. Find out how this calculation is measured.
SA3 Region State PD GeoRisk GeoRisk Index
State PD GeoRisk State Average GeoRisk Index
Month-on-Month

Probability Of Default

The National Probability of Default is an early indicator of the average number of Australian businesses expected to become insolvent over the next 12 months. Find out how this calculation is measured.
Year-on-Year

Trade Receivables Growth

National Trade Receivables Growth is an overview of trade receivables and cash flow activity. It is a key indicator of business-to-business trade and a critical barometer of the overall health of the Australian economy. Find out how this calculation is measured.

Business Risk Index Articles

Media Release: Business Risk Index
Business conditionsBusiness Insights

Invoice defaults at record highs as cost pressures squeeze businesses

Media Release: Business Risk Index
Business conditionsBusiness Insights

Business order values at record low as Christmas trading boost fails to arrive

Media Release: Business Risk Index
Business conditionsBusiness Insights

External administrations surging across most sectors as business activity slides

Media Release: Business Risk Index
Business conditionsBusiness Insights

Business activity dries up – invoice values at record lows; But Melbourne the most improved capital city

Media Release: Business Risk Index
Business conditionsBusiness Insights

Business activity picks up, but invoice values below pre-COVID levels; Western Sydney dominates list of high-risk regions

Media Release: Business Risk Index
Business conditionsBusiness Insights

Business activity sinks: value of invoices at 7-year low as external administrations and payment defaults surge

Media Release: Business Risk Index
Business conditionsBusiness Insights

Average value of invoices down 28% YoY as demand and cost pressures squeeze businesses

Chief Economist
Business Risk IndexChief Economist

Momentum slows in Construction and Hospitality sectors

Business conditionsBusiness Insights

Business Risk Index: Business payment defaults surge 52%; On the upside, Western Brisbane the most-improved region in Australia

Business Insights
Business InsightsBusiness Risk Index

Podcast: Business Risk Index, May 2023 – Key business indicators show conditions worsening; NSW Central Coast suffers biggest YoY jump in business risk

Business conditionsBusiness Insights

Business Risk Index: Key business indicators show conditions worsening; NSW Central Coast area suffers biggest YoY jump in business risk

Industry insights - Business Risk Index
Business Risk IndexCreditorWatch

Hospitality bears the brunt of high services-based inflation

Business conditionsBusiness Insights

Business Risk Index: Trade activity surging despite rising external administrations; SE Queensland hit hard by defaults

Industry insights
Business InsightsBusiness Risk Index

Hospitality tops list of industries at risk as cost-of-living pressures begin to bite

Business conditionsBusiness Insights

Business Risk Index: Business activity back to pre-COVID levels but for how long?; High risk regions – six of the 10 worst are in Western Sydney

Business conditionsBusiness Insights

Business Risk Index: conditions tighten further; default rates higher in regions with more younger people

Business InsightsBusiness Risk Index

Business Risk Index results – January 2023

Industry insights - Business Risk Index
Business InsightsBusiness Risk Index

Business Risk Index November 2022, Industry Insights

Business InsightsBusiness Risk Index

Sign of the times – trade receivables point to subdued December trading period

Industry insights - Business Risk Index
Business Risk IndexCreditorWatch

Business Risk Index October 2022 Industry Insights

Business Risk IndexCreditorWatch

A tale of two economies; Small business struggling as late payments take hold

Chief Economist
Business Risk Index

September Quarter Inflation Summary

Business Risk IndexCreditorWatch

CreditorWatch Business Risk Index: Nation-wide risk of default worsens

Industry insights - Business Risk Index
Business Risk IndexCreditorWatch

Trade across the board increases as supply and labour bottlenecks begin to clear

Business Risk Index

CreditorWatch Business Risk Index: Payment defaults accelerating; key indicator for insolvencies up 53% YoY

Industry insights - Business Risk Index
Business Risk Index

Pressures increase on businesses as economic conditions change

Business Risk IndexCreditorWatch

External administrations surge as cheap money dries up; Court actions up 54% YoY

Industry insights - Business Risk Index
Business Risk IndexCreditorWatch

Business Risk Index July 2022 Industry Insights

Business Risk IndexCreditorWatch

Business confidence at a turning point; data points to softer than expected second half of 2022

Business Risk IndexChief Economist

‘Perfect economic storm’ means the end is nigh for struggling Aussie businesses

Business InsightsBusiness Risk Index

Podcast: Business Risk Index – April 2022 Insights

Business Risk IndexCreditorWatch

BRI April 2022 – Industry Insights

Business Risk IndexCreditorWatch

Economy at turning point as positive trends continue; Grim outlook for flood-affected regions

Business InsightsBusiness Risk Index

Podcast: Business Risk Index – March 2022 Insights

Business Risk IndexCreditorWatch

Industry Synopsis CreditorWatch’s March 2022 Business Risk Index

Business Risk IndexCreditorWatch

Trade activity rises but inflation and rate rises to drag; Hospitality default risk surges

Business Risk IndexCreditorWatch

Industry Synopsis for CreditorWatch’s February 2022 Business Risk Index

Business Risk IndexCreditorWatch

Trade activity up for now but flood impact looming; Construction sector confronts deep issues

Business Risk IndexCreditorWatch

Economic Update – January 2022 Retail Sales

Business Risk IndexCOVID-19

Industry Synopsis for CreditorWatch’s January 2022 Business Risk Index

Business Risk IndexCreditorWatch

Insolvencies to rise across 2022; Trade receivables down 45% on same qtr last year; court actions jump 58%

Business Risk IndexCreditorWatch

The master of predictive data models

Business Risk IndexEconomic Snapshot

Industry Synopsis for CreditorWatch’s December 2021 Business Risk Index

Business Risk IndexCreditorWatch

CreditorWatch data: Santa went missing! But Newcastle and Perth best improving cities

Business Risk IndexCreditorWatch

Talking Tech: How to build a Business Risk Index, Part 4

Business Risk IndexCreditorWatch

Talking Tech: How to build a Business Risk Index, Part 3

Business Risk IndexCOVID-19

The dynamics of the Australian economy are rapidly changing

Business Risk IndexCreditorWatch

CreditorWatch data: Recovery to take longer than expected; Perth and Brisbane bouncing back quickest

Business Risk IndexCreditorWatch

Industry Synopsis for CreditorWatch’s November 2021 Business Risk Index

Business Risk IndexCreditorWatch

Talking Tech: How to build a Business Risk Index, Part 2

Business Risk IndexCOVID-19

CreditorWatch data: Regional Victorian businesses poised for strong recovery while Melbourne metro continues to struggle

Business Risk IndexCreditorWatch

Lockdown no impediment to business performance in regional Victoria, however, Melbourne metro continues to struggle

Business Risk IndexData

How billions of datapoints became a Business Risk Index

Business Risk Index
Business Risk IndexCreditorWatch

CreditorWatch launches Australian-first Business Risk Index

Business Risk Index
Business Risk IndexCreditorWatch

The CreditorWatch Business Risk Index: Australia’s most incisive leading indicator of business risk

This month’s insights

Media Release: Business Risk Index
Business conditionsBusiness Insights

Invoice defaults at record highs as cost pressures squeeze businesses

The February 2024 CreditorWatch Business Risk Index (BRI) has revealed that payment defaults from business-to-business transactions are at record highs.

Media Release: Business Risk Index
Business conditionsBusiness Insights

Business order values at record low as Christmas trading boost fails to arrive

The January 2024 CreditorWatch Business Risk Index (BRI) has revealed the average value of B2B invoices is now at a record low, reflecting the continuing contraction of business activity.

Media Release: Business Risk Index
Business conditionsBusiness Insights

External administrations surging across most sectors as business activity slides

The November 2023 CreditorWatch Business Risk Index (BRI) has revealed the industries with the biggest increases in external administration rates over the past 12 months with some surprising results.