Australian businesses continued to settle their invoices at a record pace of 44.1 days on average for the last quarter of 2015. The result is a modest improvement on the previous quarter’s average of 45.1 days, and is six days faster than the same period a year earlier, as revealed by Dun & Bradstreet’s latest Trade Payments Analysis. The result comes on the back of the Reserve Bank’s decision in December to leave the cash rate unchanged at 2.0 per cent for the seventh consecutive month, while consumer sentiment soared to a 22-month high in November before consolidating in December, according to the Westpac-Melbourne Institute Index of Consumer Sentiment.
To read the full story click on this link: Trade Payments Analysis Report – Q4 2015
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