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.
- 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%