Remember it’s a Leap Year! – Credit Report Feb Month-End

April 9, 2024

How did an extra business day impact the February Data – Open our monthly Market Insights Report based on 29 February data to find out!

An extra day of trade in February has impacted some of the sales trends data, and once we take this into account we see a flat trend even more so when inflation is factored in.

The February bounce back in 60 and 90 day payment arrears, has started but is still above the trend in previous years.

While the individual industries we monitor have generally shown an improvement in February payment performance when compared to January, this is expected after the holiday period. Take a closer look at the annual trend as this will give you a better guide and shows some improvements in key segments including Construction.

Another area to note is the increase in Winding up Applications the highest in 3 years with the IRD still leading the way.

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.

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