Manufacturing Payment Trends: 2023 vs 2024

By PaymentCheckReports

Manufacturing Payment Performance: A Near-Static Picture, 2023-2024

The Comparison

  • 2023: A sample of 186 manufacturing companies yielded an average payment performance score of 51.7 out of 100.
  • 2024: Analysis of 183 manufacturing firms reveals a slight increase to an average score of 52.1 out of 100.

What This Means

The data suggests a very marginal improvement in payment performance within the manufacturing sector between 2023 and 2024; the increase of 0.4 points indicates that payment challenges persist, with only a small fraction of companies demonstrably improving their payment practices. The consistent sample size across both years further highlights the slow pace of change in financial behaviour. late payment calculator

Payment performance in manufacturing moved from 51.7 in 2023 to 52.1 in 2024.