The number of New Zealand businesses paying their bills on time has reached a 12-month high as the economy improves.
Dun & Bradstreet, says 61% of invoice payments in the September quarter were made within 30 days - an improvement of 1% on the same time last year.
Dun & Bradstreet also says the length of time taken by businesses to pay each other has fallen for a second consecutive quarter to 41 days.
The company says New Zealand firms are benefitting from a mix of economic growth, low interest rates, and favourable business conditions.
The agriculture sector continues to be the fastest sector to pay its accounts at an average of 36 days.
Despite significant building activity and investment this year, the construction industry is the slowest to settle its accounts at an average of 43 days.
