Through its access to unique financial and commercial data, Dun & Bradstreet provides current and predictive assessments of economic conditions, business expectations and payment behaviour, and credit and spending activity in Australia.
Late payment times for Australian businesses dropped to their lowest level on record in the final quarter of 2017, according to the latest illion analysis. The average late payment time for an Australian business was 11.9 days during the December quarter, down 17.5 percent from 14.4 days during the prior corresponding period.
Confidence continues to rise as Australian businesses predict healthy profits well into the year, according to illion’s latest Business Expectations Survey. The Preliminary survey for the June quarter boosted the Business Expectations Index to its highest level since December 2003, representing a 31% annual rise
More than 32,000 Australians went bankrupt in 2017 – a 6.1% year-on-year increase, according to illion’s Personal Bankruptcy Analysis. The rise follows a 4.7% year-on-year hike recorded in 2016.
Confidence in the manufacturing sector is at its highest level since June 2003, with the sector investing for growth on the back of healthy profits and sales, according to illion’s latest Business Expectations Survey. The latest analysis reveals business confidence across all sectors rose 13.7 percent compared to the prior corresponding period, primarily driven by expectations for profits, sales and employment. The Business Expectations index is now at its highest level since late 2015.
Business confidence is at its highest level since the beginning of 2015, according to illion’s latest Business Expectations Survey, with companies set to invest in the first quarter of 2018 on the back of bumper expectations for profits. The bullish outlook was supported by an 81.9 percent annual rise in the Business Actuals index, which hasn’t reached its current level of 16.6 points since June 2004.
According to the latest analysis by illion, the average late payment time for an Australian business was 12.6 days during the September quarter, down 9.1 percent from 13.9 days during the prior corresponding period. In addition to reducing the length of time for overdue bills, the data shows more businesses are also settling their invoices on time, demonstrating a broad shift in payment behaviour.
The Services industry is in an upbeat mood as illion’s latest Business Expectations Survey reveals growing confidence in the sector for 2018. The bright outlook was backed up by actual results for sales and selling prices for the September quarter of 2017, which were at their highest levels in five years.
illion (formerly trading as Dun & Bradstreet), says the extension of comprehensive credit reporting (CCR) to all organisations that hold an Australian Credit Licence, telecommunication companies and utilities will deliver a better deal for more Australians.
illion CEO Simon Bligh described the new rules as “A great day in strengthening the Australian financial system,” while cautioning this was only the first step on the path to a more robust credit reporting regime. “Australian consumers, business and the broader economy will be strengthened as a result of the Treasurer’s decision, but there is more work to be done to provide a fairer deal for consumers,” said Mr Bligh.
Business sentiment remains flat moving into the final quarter of 2017, despite an uptick in mid-year
trading. In Dun & Bradstreet’s September Business Expectations Survey companies are predicting weaker sales, lower employment and a decline in selling prices;
however, profits and capital investment are tipped to rise in the last months of the year. Uncertain economic conditions continue to impact optimism across the Australian business
landscape, with sentiment softening for the final quarter of 2017. Concerted efforts by the Small Business Ombudsman Kate Carnell and the Business Council of Australia to tackle Australia’s late payment culture may be gaining traction but the country’s leading companies have far more to do. Australian businesses are looking ahead to the final quarter of 2017 with renewed
optimism, suggesting businesses are becoming more confident in navigating a challenging economic landscape. In Dun & Bradstreet’s July Business
Expectations Survey, companies forecast a lift in sales, profits, employment, investment and selling prices in the December quarter, and reported
improved business conditions in the June quarter. As slow wage growth and lacklustre GDP figures weigh on the economy, expectations for
sales, profits and capital investment are down for the third quarter of 2017 according to Dun & Bradstreet's June Business Expectations Survey.
Upbeat employment and selling prices expectations provide some positive news, but the forecast is for choppy waters ahead. As Australia grabs the world record for uninterrupted economic growth, the signs are
mainly pointing downwards. Business performance for the first quarter has hit a four–year low, resulting in lower expectations for the second half
of the year. Dun & Bradstreet's May Business Expectations Survey shows a generally muted outlook for the September quarter of 2017 despite employment expectations reaching a two-year high. Late Payments increased during the early stages of 2017, rising to their highest
level since Q3 2014 and consolidating a trend of late payment times gradually moving higher. On average, 59.8 percent of Australian businesses pay their bills on time, while 9.5% pay in excess of 60 days beyond invoice terms. Business expectations have dropped off for the September quarter following a softer-than-expected March quarter. Dun & Bradstreet's April Business Expectations Survey shows lower actual sales, profits, employment, selling prices and capital investment in the first quarter of 2017 compared to the final quarter of 2016. Cash flow is vital to the success of any business and is especially important to the small & mid market looking to grow and develop. The mismanagement of cash flow will more often than not leave your business vulnerable and could potentially lead to failure. Expectations for Profits continue to rise, hitting a two-year high for Q2 2017.Dun & Bradstreet’s March Business Expectations Survey shows Actual results for Sales and Capital Investment are also trending higher. An additional question regarding the company tax rate drew mixed results across sectors and locations. The Business Expectations Index is at its highest point since Q4 2015. Plans for capital investment are at a two-year high for the second quarter of 2017 as businesses look forward to higher sales and profits. Late Payment times rose during the fourth quarter of 2016, marking a fitting end to a year which saw late payment times track a jagged path following two years of sustained falls. Employment expectations for the June quarter of 2017 are at a more than three-year low. As 2016 draws to a close, business confidence for 2017 remains strong. Dun and Bradstreet's December Business Expectations Survey shows that companies are expecting to see increased employment, profits, capital investment and selling prices for the first quarter of 2017 compared to the previous quarter. Business sentiment moving into the first quarter of 2017 remains high, with Dun and Bradstreet’s November Business Expectations Survey indicating increased expectations for sales, employment, profits, capital investment and selling prices compared to the previous quarter. Businesses are expecting a strong start to 2017, with expectations for profit, employment and capital investment at multi-year highs. Business failures across Australia soared during the third quarter of 2016. Average business time to pay a bill in Australia is at an historic low - now 44.8 days, but New Zealand businesses pay more quickly with an average of 34.9 days Dun & Bradstreet (D&B) is pleased to announce the successful launch of the new Insurance Reference Services (IRS) database of Australian motor and home insurance claims. Business is looking forward to a mostly merry Christmas. Businesses are optimistic going into the final quarter of 2016 following an improved performance in the second quarter. Business expectations for sales, profits and employment have bounced back for the three-month period to 31 December 2016, according to Dun & Bradstreet’s July Australian Business Expectations Survey. New businesses across Australia rose sharply during the second quarter of 2016. According to Dun & Bradstreet’s latest analysis of New and Failed Businesses, the number of start-ups rose 4.8 per cent compared to the same period last year, and 36.7 per cent on the previous quarter. The recent trend of increasingly faster payment times stalled during Q2, with Dun & Bradstreet’s Australian Trade Payments Analysis revealing businesses in all states recorded a slight increase in the time taken to settle invoices. Further weakness in business conditions is expected for the three-month period to 30 September 2016. The legal firm wholly owned by leading data business Dun & Bradstreet has been appointed by the Australian Government’s Attorney-General’s Department to the Commonwealth Legal Services Multi-Use List (LSMUL). Leading credit data bureau and collections agency, Dun & Bradstreet, has appointed David Scognamiglio to Director of Consumer Markets in ANZ. The results from Dun & Bradstreet’s May Business Expectations Survey have highlighted a continued downward trend in expectations for the three-month period to 30 September 2016. Australian businesses settled their invoices at a record pace for the fourth consecutive quarter with an average rate of 43.7 days for the first three months of 2016. The number of failed businesses in Australia increased by 7 per cent in the first quarter of 2016 compared to Q4 of 2015. The results from Dun & Bradstreet’s April Business Expectations Survey have highlighted another drop in expectations, with businesses maintaining gloomy forecasts for the three-month period to 30 September 2016. The results from Dun & Bradstreet’s March Business Expectations Survey have highlighted a second consecutive decline in expectations, with businesses issuing subdued forecasts for the three-month period to June 2016, despite reporting an improved actual performance over the previous quarter.
Marketplace lending company DirectMoney Limited (DirectMoney) has signed an agreement with Dun & Bradstreet, bringing DirectMoney into the Australian Comprehensive Credit Reporting (CCR) community.
The results from Dun & Bradstreet’s February Business Expectations Survey have highlighted a sharp decline in expectations for the second quarter, with businesses issuing gloomy forecasts for the three-month period to June 2016.
Dun & Bradstreet (‘D&B’) is pleased to announce that it continues to be a trusted supplier of choice for the Department of Human Services (‘DHS’) after being awarded a renewal of its contract for the provision of Mercantile Agent Services for Debt Recovery.
The number of failed businesses in Australia fell by 10.6 per cent in the fourth quarter of 2015, down from a two-year high in the previous quarter.
The results from Dun & Bradstreet’s January Business Expectations Survey have highlighted a third consecutive period of subdued expectations, with businesses reporting a pessimistic outlook for the second quarter of 2016.
Australian businesses continued to settle their invoices at a record pace of 44.1 days on average for the last quarter of 2015. The results from Dun & Bradstreet’s December Business Expectations Survey suggest both caution and optimism in the Australian business landscape as 2016 kicks off. Dun & Bradstreet (D&B) welcomes the Australian Competition and Consumer Commission (ACCC) decision to grant authorisation to the Australian Retail Credit Association (ARCA) in relation to the Principles of Reciprocity and Data Exchange, effective 25 December 2015. Dun & Bradstreet’s latest Business Expectations Survey indicates a fairly subdued outlook for the first quarter of 2016, as results continue to fall short of expectations. As the new year approaches, business are reporting lowered expectations for activity across Sales, Profits, Employees and Capital Investment.
Australian consumer credit bureau Dun & Bradstreet and peer-to-peer lender RateSetter are pleased to announce that they have partnered together for the provision of comprehensive credit reporting data. The number of failed businesses in Australia jumped by 17.7 per cent in the third quarter of the year, compared to figures from the third quarter of 2014, with all states and territories experiencing an increase in the number of firms that sought legal relief from creditors or ceased operations without paying their creditors in full. Dun & Bradstreet (D&B) is pleased to announce that the Australian Tax Office (ATO) has chosen to renew its contract for the provision of debt management services. The optimism seen in September’s Business Expectations Survey has waned in October, with businesses flagging a drop in sales, selling prices, employment, profit and investment in the first quarter of 2016. A decrease across all expected indices has not been seen since the June quarter of 2013.
Australian businesses settled their invoices at a new record-setting pace of 45.1 days on average in Q3 2015. This compares to 49.2 days in the previous quarter and 51.7 days in the same period last year, as revealed by Dun & Bradstreet’s latest Trade Payments Analysis. Businesses are continuing to pay their invoices at the fastest rate on record despite ABS figures showing that growth in the Australian economy slowed to 0.2% in the June quarter. Businesses are expecting to see increased activity as we approach the end of the year, with profit, sales and employment activity all expected to rise during the final quarter. Confidence has continued its upward trajectory in the corporate sector, although businesses remain cautiously optimistic as concerns over weak demand and low consumer confidence weigh on their outlook for the final quarter of 2015. Sales expectations have rebounded sharply, reaching their highest level for more than a decade in a strong signal the business community has a more optimistic outlook for Q4 2015. Near-term price expectations have dropped sharply, with persistent moderate activity in the economy leading more businesses to reconsider the level at which they sell their goods and services. Despite an Australian economy growing at a moderate 2.3 per cent according to March quarter figures released by the ABS this month, the latest data on trade payments reveals that businesses are paying their invoices at the fastest rate on record.
Dun & Bradstreet (NYSE: DNB) today announced it is shifting its Australia/New Zealand (ANZ) business to a Worldwide Network partner model. Business expectations for the start of the next financial year have dropped sharply despite business friendly concessions in last month’s Federal Budget. While this month’s Federal Budget appears of little concern, weak demand and consumer confidence are weighing on Australian businesses, which have again lowered their near-term expectations. The number of failed businesses in Australia has increased by 7.8 per cent in the first quarter of the year, compared to figures from the first quarter of 2014, with all states and territories experiencing a rise in the number of firms that sought legal relief from creditors or ceased operations without paying their creditors in full. Despite a general pull-back in the near-term business outlook, corporate hiring intentions for the second quarter of 2015 remain resilient. Despite earlier indications that the business sector would take steady steps forward this year, the latest survey of Australian firms reveals that expectations and levels of optimism have returned to 2014 levels. The number of failed businesses in Australia leapt 8.2 per cent in the fourth quarter of the year, with all states and territories experiencing a rise in the number of firms that sought legal relief from creditors or ceased operations without paying their creditors in full. After reporting a strong end to the year the business sector has trimmed its short-term outlook for sales and profits, while indicating plans to increase employment. After easing in the lead-up to Christmas, prices are expected to begin rising this year with 31 per cent of businesses intending to lift their selling prices in the first quarter, while just four per cent will discount. The recent performance of Australian businesses is failing to meet their own expectations as a continuation of below-trend growth in the economy begins to impact reported activity this year. Dun & Bradstreet has updated its Global Economic Outlook to 2018, including regional insights, updates and downgrades based on its assessments of 132 countries. The average time taken for Australian businesses to pay their invoices has fallen to the lowest level since the third quarter of 2007, in signs that operating conditions have strengthened this year and the business sector's cash position is improving. This year's gradually improving business outlook looks set to continue into 2015, with the latest survey of Australian firms revealing that an increasing number expect to lift their sales and profits, sell their goods and services at higher prices, and invest more in their operations during the first quarter of the New Year. Business owners are optimistic about seeing a jump in sales during the run-up to Christmas, with retailers and the services industry lifting their forecasts for the final quarter of the year despite signs that consumer confidence in Australia is faltering. After jumping to a three-year high during the first quarter of 2014, the average time taken for commercial invoices to be paid has fallen sharply to 53.4 days as businesses get their finances back in order and pay more of their bills within standard terms. The level of financial stress in Australia is forecast to reach a new high for a third quarter of the year as consumers' financial capacity strains under the weight of high household debt, weak wages growth and fragile sentiment.Australian Business Expectations Survey: Retailers face tough Christmas
Australian Business Expectations Survey: Growth prospects remain mixed across the country
Australian Late Payments Analysis: The factors that determine who gets paid on time
Australian Business Expectations Survey: Uplift in business sentiment
Australian Business Expectations Survey: Confidence down, late payments and business failures up
Australian Business Expectations Survey: The end is (nearly) nigh?
Australian Late Payments Analysis: Worsening trade credit conditions
Australian Business Expectations Survey: Business points to muted outlook in Q3
7 Handy Hints for Cash Flow Success: Small & Medium Businesses
Australian Business Expectations Survey: Sectors hedge their bets despite the positive outlook
Australian Business Expectations Survey: The Business Expectations Index is at its highest point since Q4 2015.
Australian Late Payments Analysis: Big Business in the Slow Lane
Australian Business Expectations Survey: Business Confidence is solid, but where are the jobs?
Australian Business Expectations Survey: New Year's sales expectations falter
Australian Business Expectations Survey: Construction optimism wanes for Q1 2017
Australian Business Expectations Survey: Employment expectations at 17-year high for Q1 2017
New and failed businesses: Q3 2016
Australian Trade Payments Analysis: Payment times remain low in Australia
Dun & Bradstreet Launches New Australian Insurance Industry Database
Australian Business Expectations Survey: Business is looking forward to a mostly Merry Christmas
Australian Business Expectations Survey: Business confidence surges for final quarter of 2016
Australian Business Expectations Survey: Business confidence rebounds post-election
Australian new and failed businesses: Q2 2016
Australian Trade Payments Analysis: Payment times climb after record lows
Business Expectations Survey: Bleaker expectations before recent shocks
Dun & Bradstreet legal firm Milton Graham Lawyers appointed to Commonwealth Legal Services Multi-Use List
Dun & Bradstreet appoints ex-Veda exec as new Director of Consumer Markets
Business Expectations Survey: Business confidence deteriorates ahead of federal election
Trade Payments Analysis: Record low payment times despite mixed signals
New and failed businesses: Q1 2016
Business Expectations Survey: Business confidence continues to dive
Business Expectations Survey: Business sentiment continues fall
DirectMoney joins Comprehensive Credit Reporting with Dun & Bradstreet
Business Expectations Survey: Pessimism leading into end of financial year
Dun & Bradstreet renews contract with the Department of Human Services
New and failed businesses: Q4 2015
Business Expectations Survey: Employment outlook brightens for second quarter
Trade Payments Analysis: End-of-year payment times set new record
Business Expectations Survey: CapEx plans up despite low expectations
D&B welcomes the ACCC authorisation of Principles of Reciprocity & Data Exchange (PRDE)
Business Expectations Survey: Optimism wanes as results fail to meet expectations
Emerging P2P lender RateSetter partners with Dun & Bradstreet on comprehensive credit data
New and failed businesses: Q3 2015
Dun & Bradstreet renews contract with Australian Tax Office
Business Expectations Survey: Leadership change fails to boost confidence
Trade Payments Analysis: Payment times plummet
Trade Payments Analysis: Payment times continue record pace
Business Expectations Survey: Positive outlook for final quarter
Business Expectations Survey: Weak demand curbs growing optimism
Business Expectations Survey: Sales expectations highest since 2003
Business Expectations Survey: Prices expectations fall on soft demand
Q1 2015 Trade Payments Analysis: Slow economy, fast payments
Dun & Bradstreet Shifts to Partnership Model in Australia/New Zealand Market to Focus on Core Commercial Strategy
Business Expectations Survey: Budget fails to fire business
New and failed businesses: Q1 2015
Business Expectations Survey: Businesses look beyond Federal Budget
Business Expectations Survey: Employment plans hold despite downturn
Business Expectations Survey: Q2 expectations slip as optimism fades
New and failed businesses: Q4 2014
Business Expectations Survey: Business outlook cools
Business Expectations Survey: Prices on the rise
Business Expectations Survey: Sentiment outstrips results
Sales and profits moderate despite positive business outlook
Trade Payment Analysis: Payments at pre-GFC levels
Business Expectations Survey: Business activity to lift in 2015
Business Expectations Survey: Businesses look for a Christmas boost
Trade Payments Analysis: More businesses paid on time
Consumer Financial Stress Index: Stress forecast to rise