Late payment times fall to a record low

Late payment times have fallen further through the September quarter, hitting a record low for a third consecutive quarter and bringing payment times below 10 days for the first time on record. Broad improvements in payment times across most sectors and all states drove this strong result, which flies in the face of otherwise subdued economic growth.

Key Insights:

  • Payment times continue to fall past historic lows
  • Public administration reforms pay dividends
  • Drought and trade tensions still impacting some
  • Micro business payment times improve substantially
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