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flag Australian small business insolvencies rose 19% in February, driven by economic pressures from global energy shocks.

flag Small business insolvencies in Australia rose 19% year-on-year in February, with unincorporated businesses like sole traders and partnerships seeing the sharpest increase, while incorporated company failures rose 3%. flag Business credit demand grew only 0.9%, signaling a shift to a more subdued borrowing environment. flag Analysts attribute the strain to ongoing economic pressures, including a global energy price shock linked to the US-Israeli conflict with Iran, which could worsen conditions ahead.

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