June’s numbers show a market that looks steady on the surface but is feeling real pressure underneath. Annual sales are holding up with some pockets of growth in certain regions and industries. But when you dig a little deeper, there are signs that things are slowing down.
Sales dropped in important sectors like Building and Plumbing. At the same time, arrears and overdue payments are climbing, especially in places like Wellington and Auckland. Cashflow is getting tighter, and payments are taking longer to come through.
Building consents provide an early indicator of economic momentum and they are soft. New dwelling consents are down again, particularly in Auckland. Commercial consents remain flat, and activity across building-linked trades is showing clear signs of cooling.
What really stands out is insolvency. It is not a sudden jump, but a slow burn. Creditors and the IRD are stepping up pressure, filing more winding-up applications. Personal insolvencies, which have been quiet for years, are starting to rise again. That is a warning sign that more businesses are feeling the squeeze.
This means credit risk is front and centre now. Businesses relying on trade credit need to get serious about tightening controls, keep a close eye on customer health, and plan for tougher cashflow management.
The easy growth years are behind us. The way forward is staying sharp, watching the signs, and adapting fast. This June report gives you the insights to do exactly that.
Sharing your data through CreditWorks helps you make faster, more confident decisions, whether it’s taking on a new customer or reassessing existing ones. You’ll quickly see who’s worth growing with, who poses a risk, and where your exposure really sits.
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.