Metals manufacturers have been deemed the "safest" businesses by Business Data Israel (BDI) for the month of November, despite the fact that the chances of a business in this sector closing rose to 5.2 percent last month from 5% in October.
Local chemical manufacturers also were rated as "secure" after posting good numbers during November, with only a 5.39% risk of closing, according to BDI. Following in third place for the month were rubber and plastic manufacturers, which were assigned a 5.48% risk factor.
On the other hand, moving companies were named as "high-risk" businesses with a 7.20% chance of closing, based on decreased performance during the month, followed by restaurants, pubs and coffeehouses at 7.16% and building companies at 6.99%.
Overall for the month of November, business was deemed more "secure" as the business risk index dropped from 5.87 in October to 5.81 last month.
Meanwhile, according to the latest Business Data Israel-Coface report, the level of credit payment days in November held steady at 88, the same as in October of this year and as November 2006. The research also noted that the number of days of tardiness in credit payment in November was seven.
The best performing sectors during the month were the furniture and household goods sector, with 83 credit days and only days days of credit tardiness, followed by the software and hi-tech sector with 74 credit days and two credit tardiness days. The electronics and electric component sector logged the highest number of credit lag days, with 19, while food and drink producers totaled 13 credit lag days.
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