Credit payment ethic worsens in Jan.

The Israeli economy began the year with a modest worsening of two days in paying off credit, research company Business Data Israel reported in its monthly survey for January.

By SHARON WROBEL
February 7, 2007 07:33

The Israeli economy began the year with a modest worsening of two days in paying off credit, research company Business Data Israel reported in its monthly survey for January. Total actual days of credit - which includes days of delay and days of agreed credit - for the month was 99, compared with 97 in December and 100 in January 2006. Total days of agreed credit by suppliers in January was 88, compared with 87 in December. Despite this moderate worsening, the number of days of agreed credit by suppliers was still lower than the same period in 2006, when the number of days was 89, BDI said. The number of days of delay in payment has once again crossed the 10 day line in December and is currently 11 days.


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