Continuing from our May data, June shows a decline in sales in the Building Merchant Segment which is a key lead indicator on the domestic economy. While overdue debts as a percentage are still historically high compared to 2022, in the past few months we have seen an improvement in the 90-day overdue percentage while the 60-day overdue debt percentage is set within a range.
This month we have included the Concrete Industry Overview – as an industry segment they provide an indication of Work In Progress. The data shows a slight fall in monthly sales (Much higher when Inflation is included) and definitely one indicator to watch.
Read our latest Market Insights Report based on 30 June data for the full picture.
It’s time to review the health of your ledger with our Management Reports, which are available through CRISworks to our Full Contributing Users. Contact us today to discuss how we can assist you with managing your risk on 09 520 0626 or enquiries@creditworks.co.nz
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.