While there's a slight positive trend, the 0.6-point increase indicates essentially flat payment performance in the manufacturing sector between 2022 and 2023; this minor shift suggests systemic challenges persist. Factors such as supply chain disruptions and fluctuating material costs may continue to influence manufacturers' ability to meet payment obligations promptly, potentially impacting cash flow. Use our late payment calculator to calculate potential penalties and interest charges.
One-line summary: The manufacturing sector saw virtually no movement in payment performance, with the average score rising from 51.2 in 2022 to 51.7 in 2023.