The recovery of New Zealand firms has suffered a set-back, with a key indicator of business cash flow stalling during the September quarter. Business-to-business payment terms have returned to their level of 12 months ago however they remain above pre-crisis levels.
The latest Dun & Bradstreet research shows that New Zealand firms took 44.3 days to settle their trade accounts during the September quarter. Certain sectors fared batter than others, with firms operating in the communications, forestry, fishing, construction, retail and finance sectors all experiencing a deterioration in the time taken to settle their accounts.
Click here to read the Trade Payment Analysis September Quarter 2010.