Australian manufacturers are nearly five times more likely to be unable to pay their bills according to recent analysis by credit agency Dun & Bradstreet.
These are the findings derived from Dun & Bradstreet's Dynamic Delinquency Score (DDS), a compilation of financial, credit and demographic factors that assess the probability of a firm paying its bills in a severely delinquent manner (90+ day past terms) over the next 12 months.
The data reveals that over the four months to June 2011, the likelihood of severely delinquent payments in manufacturing increased by nearly 10 per cent, compared with a rise of just over 2 per cent in the non-manufacturing sector.
Driving this deterioration were key industry segments including Primary Metals, Paper, Furniture and Finished Products each recording enhanced payment delinquency of around 20 per cent.
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