Our monthly Market Insights Report based on 31 December data is out now.
The end of the calendar year and the Christmas / New Year’s break – time to wrap up at the end of an eventful 2023. It’s still too early to establish any trend patterns post-election but in Q1 we will have a better understanding of the credit environment.
While the 60 and 90 day arrears data shows an upward move in December this needs to be considered with previous years where payments are delayed or missed during the rush into the festive season. Comparing to previous Decembers the increase is arrears is line with previous years.
As we said in 2023 the industries to watch through the next three to four months is Retail and Hospitality, and the year has begun with Godfreys entering voluntary administration, Cotto’s restaurant closing and the list of insolvencies continues.
Depth of data is key to reviewing and monitoring your ledgers credit risk, is it time to conduct a “Warrant of Credit Risk Review” contact CreditWorks on info@creditworks.co.nz
To make navigating the report you can now click on sections in the Contents Page to navigate start to the section you need.
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.