News

Trade Payments are running at 53.2 days. This is an alarming number and significantly worse than the all time high NZ indicator of 51 days in late 2008.

So what is happening in Australia?

According to D & B research "payment terms of Australian firms have been steadily trending upwards throughout 2012, the result of a conservative consumer and continued economic uncertainty impeding cash flow".

SME's are waiting longer to be paid, and as a result are taking longer to pay their own bills. "This withholds millions of dollars from businesses and the wider economy".

The survey predicts the likelihood that this trend is here to stay at least for the remainder of 2012.