While some are pointing to signs of stabilisation in the Australian business sector, the most recent data from digital credit reporting bureau CreditorWatch has given firmer shape to the challenges that remain in the space. According to the monthly CreditorWatch Business Risk Review, the number of businesses entering into administration rose for the first time since June, up 11% in September; further, the number of business defaults increased by 23% in September – the first increase recorded since May 2020.
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