NZ reports record-low trade payment times
Trade Payments media release / report from Dun & Bradstreet.
Key points include:
· Average business time to pay a bill in New Zealand is at an historic low - now 34.9 days
· New Zealand businesses are paying their bills almost 10 days faster than Australian businesses
· Auckland is the slowest main centre to pay at 36.6 days, followed by Wellington at 35.5 days and Christchurch at 34 days
· This marks seven quarters of payments remaining below 40 days (since Q4 2014)
Further detail and analysis is in the attached.