CPFB | Employer default indicator

Employer default indicator

Default indicator

The default indicator represents the percentage of employers who have not settled their late payments within a month after the expiry of the grace period.

This table is available for download in Excel format (xlsx, 20KB)

	2020	2021	2022	2023	2024	2025
Jan	1.88%	1.94%	2.15%	2.01%	2.14%	2.47%
Feb	1.92%	1.62%	1.88%	2.01%	2.10%	2.10%
Mar	2.15%	1.67%	2.01%	1.91%	2.04%	1.79%
Apr	2.09%	1.68%	1.85%	1.69%	2.06%	n.a
May	2.00%	1.48%	1.87%	1.80%	1.93%	n.a
Jun	1.81%	1.58%	1.73%	1.65%	1.78%	n.a
Jul	1.52%	1.56%	1.61%	1.71%	1.82%	n.a
Aug	1.42%	1.73%	1.62%	1.75%	1.92%	n.a
Sep	1.57%	1.61%	1.68%	1.86%	1.81%	n.a
Oct	1.48%	1.70%	1.77%	1.99%	2.07%	n.a
Nov	1.50%	1.71%	1.87%	2.05%	2.11%	n.a
Dec	1.62%	1.76%	1.80%	1.88%	2.15%	n.a
Average	1.75%	1.67%	1.82%	1.86%	1.99%	2.12%

Notes

Figures are updated as at Q2 2025.
The average employer default indicator is the average of the months with available figures.
n.a. = Not available

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