Payment times improving

The amount of time companies are taking to pay bills is improving and is nearly at pre-crisis levels, Dun and Bradstreet said yesterday.

A fall of 1.4 days since the previous quarter and 6.5 days in the past nine months has reduced business-to-business payment terms to 44.3 days, a level just days above pre-crisis terms.

This is still above the standard 30-day term for payments but the lowest since the third quarter of 2007.

- NZPA