The number of Australian companies going bust has fallen to its lowest level in six years.
In the first four months of this year, 2,700 companies went into administration, compared to 3,447 in the same period a year earlier, figures from the corporate watchdog show.
It is the lowest number of insolvencies recorded in the first four months of a year since 2008, business advisory firm FTI Consulting said.
April's figures were particularly healthy, with only 686 companies falling into administration; the lowest for one month in six years, FTI said.
"Economic indicators for April remained negative on balance, although there were signs of ongoing resilience across the economy which may have accounted for the lower number of insolvencies in April and indeed the year to date, such as the labour market, economic growth, and mining exports," FTI said.
The farming, fishing and forestry sector recorded only five insolvencies in April, even though official statistics show the agricultural sector's output shrunk 1.6 per cent in the March quarter.
The construction sector recorded 127 insolvencies in April, followed by 59 retailers and 58 accommodation and food services companies.
The broadly listed business and personal services sector recorded the greatest number of insolvencies, with 226 companies going belly up.
Nine mining related businesses went broke in April.
FTI said resource companies' cost cutting was hurting the mining services industry.
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