Credit reliability better in October

BDI CEO Tehilla Yanai said, however, the real test to the economy was to cut the agreed upon credit period which stayed the same at 89 days for the period.

Israeli credit reliability showed slight improvement in October as the number of days consumers were late in settling their debts improved to 10 from 11 in both September this year and October 2005, Business Data Israel said Tuesday. BDI CEO Tehilla Yanai said, however, the real test to the economy was to cut the agreed upon credit period which stayed the same at 89 days for the period. Cosmetics and pharmaceutical companies were most reliable with a 75-day total credit period, while toy companies were the least taking on average 115 days to pay their credit.