Reports

Economic update August 2023

Industry Match-up Reports

  • France,
  • Germany,
  • Metals,
  • Machines/Engineering,

31st August 2023

Global economy

In the August 2023 edition of the Economic Update, our economists delve into a comprehensive analysis of the current state of the global economy.

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The cover policy which Atradius Dutch State Business maintains for a particular country is in principle valid for every transaction for that country which it is requested to insure.

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    NAFTA Country Report - Canada 2016

    Country Report

    • Canada
    • Agriculture,
    • Automotive/Transport,

    25th November 2016

    Economic growth is expected to pick up in 2017, but uncertainty about the new US administration (potential protectionist trade policies) casts a shadow.

    NAFTA Country Report - Mexico 2016

    Country Report

    • Mexico
    • Agriculture,
    • Automotive/Transport,

    25th November 2016

    The consequences of any US shift on its Mexico policy remain to be seen, but increased currency volatility has already an negative impact on the economy.

    NAFTA Country Report - United States 2016

    Country Report

    • USA
    • Agriculture,
    • Automotive/Transport,

    25th November 2016

    Steady, but uneven growth is expected to persist. Domestic demand is the main driver of expansion, but manufacturing and export performance remain subdued.

    Global Economic Outlook - November 2016

    Economic Outlook

    • Algeria,
    • Angola,
    • General economic

    23rd November 2016

    Pressures on international trade are mounting around the globe and the outlook is increasingly uncertain.

    Payment Practices Barometer Asia Pacific 2016

    Payment Practices Barometer

    • Australia,
    • China,
    • Agriculture,
    • Automotive/Transport,

    19th October 2016

    Nearly 90% of the survey respondents in Asia Pacific reported having experienced late payment of invoices from their B2B customers over the past year.

    Payment Practices Barometer Australia 2016

    Payment Practices Barometer

    • Australia
    • Agriculture,
    • Automotive/Transport,

    19th October 2016

    Nearly 24% of Australian suppliers surveyed consider maintaining adequate cash flow levels to be the greatest challenge to business profitability in 2016.

    Payment Practices Barometer China 2016

    Payment Practices Barometer

    • China
    • Agriculture,
    • Automotive/Transport,

    19th October 2016

    Suppliers surveyed in China (38.2%) appear to be the most likely of all their peers in Asia Pacific to sell on cash terms to their B2B customers.

    Payment Practices Barometer Hong Kong 2016

    Payment Practices Barometer

    • Hong Kong SAR
    • Agriculture,
    • Automotive/Transport,

    19th October 2016

    The highest percentage of the suppliers interviewed in Hong Kong (42%) reported that domestic B2B customers pay invoices late due to liquidity issues.

    Payment Practices Barometer India 2016

    Payment Practices Barometer

    • India
    • Agriculture,
    • Automotive/Transport,

    19th October 2016

    As a consequence of late payment by B2B customers, 45% of suppliers surveyed in India reported they had to take specific measures to correct cash flow.

    Payment Practices Barometer Indonesia 2016

    Payment Practices Barometer

    • Indonesia
    • Agriculture,
    • Automotive/Transport,

    19th October 2016

    Cost containment and cash flow position considered greatest challenges to business profitability by 18% of Indonesian suppliers (20% in Asia Pacific).

    Payment Practices Barometer Japan 2016

    Payment Practices Barometer

    • Japan
    • Agriculture,
    • Automotive/Transport,

    19th October 2016

    Most of the suppliers surveyed in Japan (33%) reported that foreign late payment is most often a consequence of the complexity of the payment procedure.

    Payment Practices Barometer Singapore 2016

    Payment Practices Barometer

    • Singapore
    • Agriculture,
    • Automotive/Transport,

    19th October 2016

    Despite no variation in either domestic or foreign late payment rates, the average 46 days DSO recorded in Singapore is six days longer than last year.

    Payment Practices Barometer Taiwan 2016

    Payment Practices Barometer

    • Taiwan
    • Agriculture,
    • Automotive/Transport,

    19th October 2016

    91% of respondents in Taiwan (88% at regional level) reported late payment of invoices by domestic and foreign B2B customers over the past year.

    Trade successfully with China 2016

    Trade Successfully With

    • China
    • Agriculture,
    • Automotive/Transport,

    12th October 2016

    China is a major economic and trading power. Trade successfully with China sets out ten simple-to-follow rules that can help make your trading relationships with China lasting and successful.

    Trade successfully with China webinar

    Trade Successfully With

    • China
    • Agriculture,
    • Automotive/Transport,

    12th October 2016

    On 15 November 2016, Atradius Credit Insurance hosted a webinar that looked at the opportunities available for trade with China and how to safely transact your business.

    Market Monitor Steel China 2016

    Market Monitor

    • China
    • Metals,
    • Steel

    29th September 2016

    Overcapacity remains the main challenge, as the rebalancing of the economy from investment and export-driven growth towards private consumption continues.

    Market Monitor Steel Germany 2016

    Market Monitor

    • Germany
    • Metals,
    • Steel

    29th September 2016

    The German steel and metals sector remains resilient with a competitive edge. However, major structural challenges and downside risks have increased.

    Market Monitor Steel India 2016

    Market Monitor

    • India
    • Metals,
    • Steel

    29th September 2016

    Benefits from domestic steel demand growth will be offset by limits to raise sales prices due to the global steel overcapacity and cheap imports.

    Market Monitor Steel Italy 2016

    Market Monitor

    • Italy
    • Metals,
    • Steel

    29th September 2016

    The Italian steel distributor segment has a large number of relatively small companies, which are still affected by weak demand and pressure on margins.

    Market Monitor Steel United Kingdom 2016

    Market Monitor

    • United Kingdom
    • Metals,
    • Steel

    29th September 2016

    Fierce competition, high energy costs and increased uncertainty due to the Brexit decision continue to weigh on the financial strength of many businesses.

    Market Monitor Steel Thailand 2016

    Market Monitor

    • Thailand
    • Metals,
    • Steel

    29th September 2016

    Banks are less willing to provide loans to the steel sector, given the high default rate and the recent debt impairment from one big steel manufacturers.

    Market Monitor Steel USA 2016

    Market Monitor

    • USA
    • Metals,
    • Steel

    29th September 2016

    The US sector´s revenue performance remains negatively affected by the lower cost of imported steel and decreasing demand from the oil/gas industry.

    Market Monitor Steel Brazil 2016

    Market Monitor

    • Brazil
    • Metals,
    • Steel

    29th September 2016

    The steel sector remains severely impacted by the ongoing domestic economic downturn, high interest rates, inflation, and exchange rate volatility.

    Market Monitor Steel France 2016

    Market Monitor

    • France
    • Metals,
    • Steel

    29th September 2016

    A high level of competition, overcapacity and persistent low prices continue to affect revenues and margins of smaller French steel/metals traders.

    Market Monitor Steel Mexico 2016

    Market Monitor

    • Mexico
    • Steel

    29th September 2016

    External risk factors for the Mexican steel industry remain the volatility of the currency exchange rate and the impact of international metals prices.

    Market Monitor Steel the Netherlands 2016

    Market Monitor

    • Netherlands
    • Steel,
    • Metals

    29th September 2016

    The Dutch steel and metals sector has benefitted from a rebound in the building sector, but at the same time demand from the energy sector has decreased.

    Market Monitor Steel Singapore 2016

    Market Monitor

    • Singapore
    • Steel,
    • Metals

    29th September 2016

    The level of protracted payments in the steel sector is high due to fierce competition, persistent pressure on margins and risky trading conditions.

    Payment Practices Barometer - The Americas 2016

    Payment Practices Barometer

    • Brazil,
    • Canada,
    • Agriculture,
    • Automotive/Transport,

    28th September 2016

    Payment Practices Barometer for the Americas (NAFTA and Brazil) shows that 93% of respondents reported late payment from B2B customers over the past year.

    Payment Practices Barometer Brazil 2016

    Payment Practices Barometer

    • Brazil
    • Agriculture,
    • Automotive/Transport,

    28th September 2016

    In line with the survey average, 91.4% of respondents in Brazil (95.0% in 2015) reported late payment of invoices from B2B customers over the last 12 months.

    Country Report - Czech Republic 2016

    Country Report

    • Czech Republic
    • Agriculture,
    • Automotive/Transport,

    15th September 2016

    While the economy is expected to slow down after a robust 4.6% in 2015, the forecast GDP growth rates of 2.5% in 2016 and 2.7% in 2017 are still solid.

    Country Report - Hungary 2016

    Country Report

    • Hungary
    • Agriculture,
    • Automotive/Transport,

    15th September 2016

    Hungary´s economic growth is expected to rebound in 2017, after a slowdown in 2016, but the high level of external debt remains a major weakness.

    Country Report - Poland 2016

    Country Report

    • Poland
    • Agriculture,
    • Automotive/Transport,

    15th September 2016

    Despite further growth, Poland is susceptible to a potential end of the eurozone recovery. Adverse economic policies could dampen investor sentiment.

    Country Report - Russia 2016

    Country Report

    • Russia
    • Agriculture,
    • Automotive/Transport,

    15th September 2016

    The economic contraction continues in 2016, as investments and private consumption contract further. Only in 2017 a very modest rebound is expected.

    Country Report - Slovakia 2016

    Country Report

    • Slovakia
    • Agriculture,
    • Automotive/Transport,

    15th September 2016

    Growth is expected to remain above 3% but the economy remains vulnerable to an eurozone downturn and adverse developments in the automotive sector.

    Country Report - Turkey 2016

    Country Report

    • Turkey
    • Agriculture,
    • Automotive/Transport,

    15th September 2016

    Political risks have sharply increased, which could result in economic repercussions. Higher credit risks in the corporate sector are a major issue.

    Oil price hardly matters for Russian country risk

    Economic Note

    • Russia
    • General economic

    6th September 2016

    Looking at Russia, Atradius finds that oil price hardly matters for country risk.

    Market monitor - Machinery - Czech Republic 2016

    Market Monitor

    • Czech Republic
    • Machines/Engineering

    18th August 2016

    The sector benefits from a robust performance of the Czech economy, but producers dependent on energy/mining and power engineering face difficulties.

    Market Monitor - Machinery - France 2016

    Market Monitor

    • France
    • Machines/Engineering

    18th August 2016

    The rebound that started in 2014 continues in 2016, but overcapacity still remains a real concern for the French machinery industry in the long-term.

    Market Monitor - Machinery - Germany 2016

    Market Monitor

    • Germany
    • Machines/Engineering

    18th August 2016

    The general outlook remains positive, and margins are relatively high, especially in niche segments. However,competition from China is increasing.

    Market Monitor - Machinery - Italy 2016

    Market Monitor

    • Italy
    • Machines/Engineering

    18th August 2016

    Competition remains strong in the domestic market, especially among small and medium-sized machinery companies dependent on construction businesses.

    Market Monitor - Machinery - Denmark 2016

    Market Monitor

    • Denmark
    • Machines/Engineering

    18th August 2016

    Key success factors for Danish machinery businesses is their ability to streamline costsand continued investment in product development/new technology.

    Market Monitor - Machinery - Turkey 2016

    Market Monitor

    • Turkey
    • Machines/Engineering

    18th August 2016

    The Turkish machinery sector faces some troubles, with sales under pressure since 2015. Political uncertainty leading to less capital expenditure.

    Market Monitor - Machinery - Belgium 2016

    Market Monitor

    • Belgium
    • Machines/Engineering

    18th August 2016

    Demand for Belgian machines and engineering businesses is still affected by the difficulties some major buyer industries are facing (e.g. construction).

    Market Monitor - Machinery - Brazil 2016

    Market Monitor

    • Brazil
    • Machines/Engineering

    18th August 2016

    The machinery sector mainly suffers from a massive decrease in public and private investments, especially in the construction and oil/gas sectors.

    Market Monitor - Machinery - The Netherlands 2016

    Market Monitor

    • Netherlands
    • Machines/Engineering

    18th August 2016

    Payment behaviour has been good over the last two years and the number of payment delays, defaults and insolvencies is expected to remain low in 2016.

    Market Monitor - Machinery - Sweden 2016

    Market Monitor

    • Sweden
    • Machines/Engineering

    18th August 2016

    The Swedish machinery industry has shown several years of positive development. Machinery production is expected to grow 2.3% in 2016 and 0.9% in 2017.

    Market Monitor - Machinery - United States 2016

    Market Monitor

    • USA
    • Machines/Engineering

    18th August 2016

    US machinery businesses related to the oil/gas or the mining segments are affected by lower capital spending on purchasing machinery and equipment.

    Market Monitor - Chemicals - France 2016

    Market Monitor

    • France
    • Chemicals/Pharma

    21st July 2016

    The French chemicals sector continues to grow in 2016, but high labour costs and strict regualtions remain a burden and global competition is strong.

    MENA Country Report - Egypt 2016

    Country Report

    • Egypt
    • Agriculture,
    • Automotive/Transport,

    8th July 2016

    Weak economic situation and uncertain outlook as the security situation remains tense. Inflation is high and the business sentiment remains subdued.

    Payment Practices Barometer UK 2016

    Payment Practices Barometer

    • United Kingdom
    • Agriculture,
    • Automotive/Transport,

    14th April 2016

    Survey findings point to Great Britain as the country in Western Europe that is the most impacted by late payment from export customers.