Late Payment times increase

Late payment times for the December 2019 quarter – sourced from illion’s Trade Exchange Program – increased to an average of five and a half days, an 8.2 per cent increase over the five-day average from this time last year.

New Zealand has improved its cash flow position through Reserve Bank of New Zealand (RBNZ) interest rate cuts and a respectable rate of economic growth, which makes an increase in payment times particularly surprising.

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