Israeli payment reliability deteriorated in January as 14.5 percent of businesses were late on their payments compared to 12.2% in December, research company Dunn & Bradstreet Israel said Sunday.
The monthly research showed the decline was seasonal with the winter months generally showing a slow in payment habits. The negative trend was most apparent in the leisure industry whose operations peaked in the summer months, D&B said. The hotel industry had the steepest decline in January as 14.5% of hotels were late on their payments, up from 9.1% in December. Electronics equipment businesses improved the most for the month with 7.4% being late, compared to 12.4% in December.