March Quarter Analysis 2019

Late payments continue downward trend 

Late payments followed the usual seasonal pattern, registering a rise to 6.4 days in the March quarter from 5.1
days in the December quarter 2018 - but remained lower than the 6.8 days recorded a year ago. One of the only
standouts is the manufacturing sector, which improved its late payment record in March 2019 by 21% on the March 2018 quarter, falling to an average of 7.4 days. The agriculture sector continues to lead the way for lowest late payment times, however, with a March quarter average of 4.2 days, a 12% drop from
a year earlier.

Key Insights:ipad Final - NZ Late Payments

  • Christchurch continues to be the best region at 6.3 days
  • Manufacturing improves by 21% to 7.4 days
  • Late payment times are marginally higher, reflecting
    seasonal patterns
  • Prompt payment times improve by 3%

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