Business Efficiency Still Lagging

And a new report shows that three quarters of all industries saw a deterioration in working capital performance in the second quarter compared to last year. Days Working capital is how many days it taxes a company to convert its working capital into revenue. Companies that take fewer days are more efficient. But the number of days has increased by 5 days on average. In Europe it's 8. Daniel Lacalle is a seasoned business analyst and has helped bring companies to IPO. He's now the chief economist at the Tressis hedge fund. I asked him why the Price Waterhouse Coopers' report is significant.