US pinch hurting exporters on payday

New Zealand exporters face payment delays as fallout from the US sub-prime mortgage market crisis hits our trading partners, according to research from Dun & Bradstreet.

The credit services company says businesses across Asia-Pacific – a vital export region for New Zealand – face a credit squeeze as demand for products decreases with the US tightening its belt on spending.

That slow-down’s ripple effect is beginning to hit New Zealand exporters who are finding payments from their overseas customers are increasingly arriving later than due.

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