Late payment times for the September 2019 quarter – sourced from illion’s Trade Exchange Program – averaged almost 6 days, representing a slight drop from last quarter, but a sharp 14.6% increase compared with the September 2018 period.

Despite the latest increase, late payment times for New Zealand businesses have remained fairly low since 2014, with the figure hovering between 4.6 and 7.5 days – particularly compared with Australia, which averaged between 10 and 15 days over the same period.

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