NZ firms’ time to pay falls to 10 year low, D and B says

Mon, 15 Oct 2012

By Hannah Lynch Oct. 16 (BusinessDesk) - New Zealand's business-to-business payment times fell to a 10-year low in the September quarter, says credit checking agency Dun & Bradstreet. The Christchurch-based agency's Trade Payments Analysis survey founded that the average payment time fell two days to 40.3 in the September quarter. That's significantly lower than the 50.8 days recorded at the height of the global financial crisis. Australia, New Zealand’s largest trading partner, recorded a payment time of 52.5 days. “This trend has been e...

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