Sales performance remains mixed, with some industries holding steady while others feel the pressure. In construction, commercial projects continue at pace, but rising costs and weaker consumer confidence are slowing residential developments. Businesses that adapt to shifting demand are still finding opportunities.
Economic pressures persist, with the lingering effects of past inflation and higher interest rates prompting businesses to reassess credit policies. Many are tightening payment terms to manage growing arrears, particularly in high-risk sectors like construction and wholesale. Liquidation rates are climbing, and many businesses are working to meet the IRD’s tighter GST and tax mandates.
Businesses with strong credit management and proactive risk strategies are in a better position to handle uncertainty. As government stimulus effects fade, market corrections are revealing opportunities for those ready to act.
CreditWorks Group provides extensive, real-time credit data and historical insights, helping businesses understand the deeper credit risks and payment behaviours of their customers. Our secure and comprehensive services ensure that companies can make informed decisions based on a complete picture. Discuss with us today how we can help you with comprehensive credit reporting and monitoring of your customers.
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.