News

The recent Dun and Bradstreet quarterly report noted that businesses in New Zealand are experiencing a cash flow boost from the country's strong economic performance, with the average time taken for invoices to be paid falling to the fastest second quarter level on record, 41.4 days.

NZ's agricultural sector remained one of the fastest paying industries, on average 36.4 days, despite the slowing growth in China and weakening commodity prices which at some stage will impact upon the payment time frames for this industry.

It is interesting to note that the large companies, employing more than 500 staff continue to be the slowest payers, averaging 52.5 days, which is actually a week slower than the same time last year. Businesses with 1 to 5 staff continue to have speedy payment times, on average 40 days.