June Quarter Analysis 2019

Payment times deteriorate 26% in agriculture sector

The financial distress suffered by the Australian agriculture sector over the past year has been confirmed by a 26% rise in payment times. This is a reflection of the severely adverse conditions faced by drought-blighted farmers in rural areas.

Australian Late Payments

Key Insights:

  • Payment times deteriorate 26% in agriculture sector
  • Payment times in ACT improve 24%
  • Payment times improve evenly across all business sizes
  • Total payment times achieve another historic low
 
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