June Quarter Analysis 2019
Late payments near record low despite seasonal rise
Late payment times for the June 2019 quarter are still at record lows, notwithstanding a small seasonal rise from the previous quarter. On a quarterly basis, payment times increased 4.2% from the March quarter, but fell 1% compared with the same time last year. The fishing and mining sectors performed particularly well on an annual basis, with late payments falling by 38% and 30.3% respectively. However, the agriculture, forestry and public administration sectors all saw at least double digit increases in late payment times..
- Prompt payment times up 2.6% from last year
- Forestry up 41.5% to 8 days
- Late payment times down 1% from the same time last year, but up 4.2% from last quarter
- Fishing down 38% to 5.8 days