West Midlands Payment Practices: Barely Any Change Between 2021 and 2022

The Comparison

Here's a direct comparison of payment performance in the West Midlands based on surveyed data:

• Number of Companies Surveyed: 2021 saw data from 426 companies, while 2022 included 407 companies. The smaller sample size in 2022 may affect comparability.
• Average Payment Score: In 2021, the average payment score was 61.0 out of 100. This increased marginally to 61.2 in 2022.
• Score Improvement: Payment performance improved by a scant 0.2 points between the two years. This represents a negligible change.

What This Means

The data suggests that payment behaviours in the West Midlands remained almost static from 2021 to 2022. Despite a slight improvement in the average payment score, the change is so small that it's hard to attribute it to any substantial shift in payment culture or economic conditions. The reduced sample size makes judging payment practices difficult.

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In short: West Midlands payment scores moved from 61.0 (426 companies) in 2021 to 61.2 (407 companies) in 2022.