Business insolvencies rise 36.3% compared to last year as inflation bites hard – Proactive Investors Australia

Construction, retail and travel companies are among the hardest hit in the latest raft of insolvencies, brought on by high interest rates, falling consumer spending and high material costs. Bankruptcy filings have been on an upward trajectory since last year filings have topped 10,000 over the past month, for the first time since 2013. Data…