Late payments edge higher, but rise appears seasonal

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.

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