From creditorwatch.com.au: CreditorWatch’s February Business Risk Index reveals that Australian businesses face significant pressures, with hospitality sector closures reaching a record high of 9.3% in the past year, driven by rising costs and reduced consumer spending.

Invoice payment defaults have surged by 47% year-on-year, indicating heightened business stress and increased risk of insolvency.

Insolvency rates have risen, particularly in the ACT and NSW, as economic challenges persist amid concerns over potential US tariffs impacting Australian businesses.