December Quarter Analysis 2018
Late payments continue downward trend
The average late payment time for a New Zealand business has fallen to a record low of 5.1 days. The result, for the end of the December quarter 2018, surpasses the previous record of 5.3 days set in the December quarter of 2016.
- Late payment times continue to improve
- Christchurch best region at 4.5 days
- Agriculture improves by a massive 32% to 3 days
- Prompt payments drop significantly to 81