Payment reliability up in November

In November, 12.3 percent of transactions were settled late compared to 13.9% the month before, D&B said, noting that a majority of sectors improved during the month.

By AVI KRAWITZ
December 4, 2006 08:30

 
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Payment reliability in the business sector showed slight improvement from October to November as the slowdown caused by the Jewish holidays and the war in Lebanon had less of an impact on business activity, research company Dun & Bradstreet Israel said Sunday. In November, 12.3 percent of transactions were settled late compared to 13.9% the month before, D&B said, noting that a majority of sectors improved during the month. Business services providers were among the strongest performers improving 2.7 percentage points to 6.6%, while 10.7% of metals and machinery transactions were late, down from 14.1% in October. Only food stores showed a deterioration in paying on time rising to 7.6% from 7.5% in October.

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