Credit terms stable in November

Israeli businesses negotiated an average 88 days credit period in November, one day less than the previous month, research company Business Data Israel said Tuesday.

By AVI KRAWITZ
December 13, 2006 07:02

Israeli businesses negotiated an average 88 days credit period in November, one day less than the previous month, research company Business Data Israel said Tuesday. The average late period in settling accounts remained at 10 days bringing the total credit period to 98 days, compared to October's 99, BDI said. The company reported that the food chain sector showed the most improvement during the month as its negotiated credit period dropped from 98 in October to 92 days. Cosmetic wholesalers had the best credit performance with 75 days agreed to credit and being on average eight days late. While telecommunications infrastructure providers also had an average 75 days agreed upon credit time, they took on average 26 days extra to settle their debts.


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