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Australian small business insolvencies rose 19% in February, driven by economic pressures from global energy shocks.
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%.
Business credit demand grew only 0.9%, signaling a shift to a more subdued borrowing environment.
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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Las insolvencias de las pequeñas empresas australianas aumentaron un 19% en febrero, impulsadas por las presiones económicas de los shocks energéticos globales.