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.

NZ_Trade_Payments_Analysis_Report__Q3_2016__Final.pdf

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