September Quarter Analysis 2018
Late Payment times drop to lowest on record
The average late payment time for a New Zealand business has fallen to a record low of 5.2 days, according to illion’s latest analysis. The latest result, for the end of the September quarter 2018, is 11.7 per cent lower than the same period in 2017 and surpasses the previous record of 5.3 days set in the December quarter 2016.
- Late payment times fall to historic low
- Prompt payments at 81.5%
- Christchurch best region at 4.5 days
- Agriculture best sector at 3.1 days