New Zealand businesses pay their suppliers faster during COVID-19 than before the crisis

Prompt action by the New Zealand Government to curb the effects of COVID-19 has helped protect the economy from collapse and is enabling swift reconstruction.

Despite COVID-19 forcing non-essential businesses to close during the level 4 lockdown in April, most businesses appear to have hung on.

Better still, they are paying their suppliers at a faster rate than before the pandemic hit, pointing to a surprising optimism across New Zealand.

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