Insolvencies peak?

Monday, 16 July 2012

ASIC has released the data for May on companies entering into external administration. The headline series is pretty noisy.

So I apply some herbs and seasonal adjustment to look at the underlying trends. The good news is that with the exception of Victoria and Queensland the number of new insovencies per month is trending down (check out the month on month and the through the year growth charts at the bottom of the page).

ASIC-!g-trend-!summary-comparative-tty-Companies-Entering-External-Administration-(Trend)-TTY-Growth-in-Companies-Entering-External-Administration-(Trend)-line-from1950

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.