News

"Businesses have been paying their bills at the fastest rate recorded in 10 years of commercial invoice data, with payment times across New Zealand dipping below the 40-day mark in the last quarter of 2013 to an average of 39.6 days" according to the most recent Dun & Bradstreet quarterly Trade Payment Analysis.

These findings confirm that the stronger growth that prompted the RBNZ to hike interest rates earlier this month is contributing to a more positive cash flow position for the business sector.

While smaller operations in New Zealand have recorded faster invoice payment times, larger companies bucked the trend during Q4 2013, with average payment times slowing compared to the previous year. D&B's analysis shows that companies with more than 500 staff paid their invoices in an average of 45 days, up from 41 days.

Source: Dun & Bradstreet