Lowest level for March quarter payments on record

Late payments remain low by historical standards, falling to 10.5 days in March 2019, compared with 11.7 days a year ago. While the current level of late payments remains near historical lows, this is vulnerable to a further slowdown in the economy.

Key Insights:

  • March late payments lowest on record
  • Forestry sector has highest level of prompt payments
  • Public administration improves on late payments
  • Overall, smaller firms continue to pay more promptly
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