Our monthly Market Insights Report based on 31 August data is out now. This month we continue to show the performance of the total Construction industry, compared to consent data, and ask the question is it a Collapse or Correction. View the report to discover the current state of the market.
CreditWorks recently presented to the NZ Institute of Credit Management and challenged those in attendance on the Collapse or Correction scenario for the NZ building industry. There is a mixture of positive and negative views in the market – add in an Election to cloud the view. Our data continues to show a slowdown in sales, and while 60 and 90 Day overdue invoices have increased in 2023 but the trend has flattened in the past few months.
Time to review your full ledger and your higher risk debtors by using our Debtor Risk Spread Reports
Take a look at our Days Sales Outstanding (DSO) section this month on Page 28
- More industries showing month on month improvement for August 22/30
- DSO has increased in 17/30 industries comparing 2022 to 2023
CreditWorks Group holds New Zealand’s largest trade database, and we have the very best view of commercial credit performance from civil/foundations through the entire building process to fitout and finish. Discuss with us today how we can help you with comprehensive credit reporting and monitoring of your customers. Our goal is to help you grow sales while minimising risk.
Please note that due to the vast amount of data required to produce these reports, most of which is accessed from a multitude of external sources, there is an inevitable time delay in their generation. However we prefer to defer their publication in favour of ensuring greater accuracy.