March Quarter Analysis 2018

Cracks appearing in New Zealand economy

Late payment times for New Zealand businesses have increased sharply, according to illion’s latest analysis. The 22 per cent year-on-year spike leaves late payments at their highest level since the September quarter of 2015, but still well below the 2011 peak.

Key Insights:ipad Final - NZ Late Payments.jpg

  • Manufacturing worst sector at 9.4 days
  • Largest annual rise in Christchurch at 28.8%
  • Late payment time now highest since the September quarter of 2015
  • Prompt payments fall to 73.8%

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