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Payment delays worsen for manufacturing, services sectors

Retail sector improves with a q-o-q drop in slow payments, Singapore Commercial Credit Bureau report shows

Fiona Lam

Fiona Lam

Published Tue, Oct 1, 2019 · 09:50 PM
    Payment delays by Singapore firms

    Singapore

    SINGAPORE'S manufacturing sector again suffered the largest increase in slow payments among five sectors in the third quarter of this year, while the services and wholesale sectors also deteriorated quarter on quarter (q-o-q).

    On the other hand, the retail sector improved with a q-o-q drop in slow payments, while payment performance for the construction sector was unchanged, according to a report by the Singapore Commercial Credit Bureau (SCCB) on Tuesday.

    PaymentsManufacturingRetail

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