News

The average debtor days are now 42.2, a level not seen since the third quarter of 2007!

These figures align with recent Treasury statistics indicating a rebound in economic growth following strong GDP gains in the March quarter and post-earthquake reconstruction. This positive trend is expected to continue for the balance of 2012.

D & B comment that "business to business payment data is one of the best indicators of cash flow and financial stability, as it reveals how a firm is meeting its existing financial obligations.

Trade Payment data showed a rise in debtor days in late 2007 peaking at 51 days late in 2008. The last 12 months has shown a continued improving position.