Business
Bill payment times blow out even as confidence grows – Sydney Morning Herald
Creditors are waiting more than two months to be paid for services or goods supplied to some sectors, with healthcare and administrative services firms among the…
It said businesses in the healthcare and social assistance sector took 66 days to pay their bills in January, up from 16 days in the same month last year. Administrative and support service businesses took 67 days to pay compared to 34 days in January 2020.
Residential builders have reported a surge in demand but it has been a different story in commercial construction. The time taken to pay bills across the sector has jumped to 44 days compared to 30 days last year.
Other large increases have occurred…
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