BDI: Credit days steady in May

The level of credit payment days in May was 98, one less than April of this year, and one more than May 2006, according to the latest Business Data Israel-Coface report.

By MATTHEW KRIEGER
June 13, 2007 08:06

 
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The level of credit payment days in May was 98, one less than April of this year, and one more than May 2006, according to the latest Business Data Israel-Coface report. The research also noted that the number of days of tardiness in credit payment in May was 10. The best performing sectors during the month were the wholesale textile field, with 93 credit days and only three days of credit tardiness, followed by the wholesale food business with 85 credit days and four credit tardiness days. The construction and renovation sector, said BDI's report, logged the highest number of credit lag days, with 24, while the hotel and tourism industry reduced the number of credit lag days from 28 in April to 23 in May.

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