Cracks appearing in New Zealand economy
Late payment times for New Zealand businesses have increased sharply, according to illion’s latest analysis.
The average time taken to settle an overdue invoice was 6.8 days at the end of the March quarter 2018.
The 22 per cent year-on-year spike leaves late payments at their highest level since the September quarter of 2015, but still well below the 2011 peak.
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