Publications et études

La sidérurgie et la métallurgie françaises ne subissent que marginalement l’impact des barrières tarifaires américaines.

La durée moyenne de paiement étant de 115 jours, les entreprises opérant sur le marché domestique souffrent de cette lenteur de paiement de leurs clients.

Les délais de paiements dans le secteur sidérurgique et métallurgique chinois varient de 60 à 120 jours en moyenne. Le nombre et la valeur des retards de paiement et des faillites restent élevés.

Les retards de paiement et les faillites devraient augmenter jusqu’à ce que le nouvel accord commercial USMCA soit ratifié et que le problème des barrières tarifaires américaines soit résolu.

Outre les droits de douane punitifs et les barrières commerciales, d’autres défis structurels persistent, tels que la volatilité des prix des matières premières et les surcapacités.

Les mesures de sauvegarde prises par l'UE pour protéger le marché européen contre les importations excessives pourraient impacter le Roayume-Uni en cas de Brexit "dur".

Les droits d’entrée sur l’acier et les métaux importés pénalisent certains segments et les grandes industries acheteuses ne vont pas tarder à être affectées par la hausse des prix.

Southeast Asia is facing headwinds in the face of the US-China trade war and increased global market volatility, but strong domestic policymaking and economic fundamentals should mitigate risks.

Despite ongoing growth, there are challenges ahead, as profit margins of businesses decreased in 2017 and H1 of 2018 due to sharply increased input costs.

Many producers are under pressure to either expand/grow or refuse orders, while difficulties in hiring skilled staff impacts further business expansion.

As in previous years, competition remains strong in the domestic market, mainly among small and medium-sized machinery companies depending on construction.

A modest insolvency increase is expected in 2019, with businesses related to oil and gas exploration, construction and agricultural markets mainly exposed.

The demand situation for Belgian machinery businesses is generally positive, but remains affected by difficulties in some major buyer industries.

There is pressure on the profits of turbine manufacturers and their suppliers along the value chain, and further consolidation seems to be likely.

Due to its high export ratio the industry is highly susceptible to rising geopolitical risks, exchange rate volatility, and rising protectionism.

Business performance and profit margins of machinery traders could be negatively affected by the ongoing trade dispute between China and the United States.

Due to its high export ratio the industry is highly susceptible to external risks like a deterioration in the Eurozone and rising protectionism.

Some caution is still advised on businesses dependent on the oil/gas and the mining industry, due to potential impacts of energy price volatility.

The bright outlook presented in May has proven true but clouds are quickly gathering on the horizon. In an increasingly uncertain environment, there is no room for policy mistakes.

The election of Brazil's new president ends a long period of political uncertainty, but the window for much-needed reform is very narrow.

After a minor increase from 2016 to 2017, the proportion of past due B2B receivables in Western Europe increased again this year and stands at 41.8%.

All survey respondents in Austria (100%) reported domestic payment delays. This is the highest percentage in the region, significantly higher than in 2017.

The average proportion of overdue B2B invoices reported by respondents in Belgium increased for the third consecutive year in a row and stands at 45.6%.

The survey’s biggest negative change in the proportion of uncollectable receivables was recorded in Denmark; up from 1.3% in 2017 to 1.8% in 2018.

After an increase from 43.5% in 2017 to 47.5% this year, France has the second highest percentage of overdue B2B invoices in the Western European region.

Of the Western European countries surveyed, Germany had the second highest percentage of respondents (24.7%) who reported revenue loss due to overdues.

At 48.7%, Great Britain had the highest proportion of past due B2B invoices in Western Europe, significantly higher than the regional average of 41.8%.

Despite already posting the highest proportion of uncollectable receivables in the region, Greece’s average rose to 2.8% in 2018 from 2.5% in 2017.

For 56.3% of Irish respondents reported negative consequences of overdues over the past 12 months. For 15.1% of suppliers these led to revenue loss.

Despite a significant decrease in 2018, at 74 days, the average DSO reported by survey respondents in Italy remains the highest in Western Europe.

Most respondents in Spain have felt the impact of overdue invoices; 22.4% had to postpone payments to their own suppliers and 20.3% reported revenue loss.

The proportion of past due B2B invoices in Sweden has sharply increased from 26.7% in 2017 to 34.0%. Foreign B2B customers had a much higher default rate.

92.5% of Swiss respondents said that they experienced late payment in 2018. This is one of the highest percentages next to that of Austria and Belgium.

In 2018, the average DSO recorded in the Netherlands is 46 days, an increase of five days compared to 2017. This is the biggest increase in Western Europe.

Les exportations devraient croître de plus de 4% par an en 2018 et 2019, alimentées principalement par les perspectives favorables de l’industrie automobile et la demande au sein de la zone Euro.

L’expansion économique devrait perdre un peu de vigueur en 2019 tout en restant forte à plus de 3%.

Après une croissance de 4,5% en 2017, le PIB tchèque devrait augmenter à un rythme plus lent en 2018 et en 2019, la demande de la zone Euro et la demande domestique diminuant.

En 2017, la croissance économique a augmenté de plus de 4%, avec une accélération de l’investissement public et privé, alors que la consommation privée et les exportations sont restées solides.

Au sein de l’Europe centrale, l’économie polonaise semble la plus sensible aux retombées financières et politiques du vote britannique en faveur de la sortie de l’UE.

Le PIB devrait croître à un rythme plus lent en 2018 et 2019, en cause, le ralentissement de la demande intérieure.

Le PIB annuel a recommencé à augmenter en 2017 après deux années de contraction, et cette reprise devrait se maintenir en 2018 et 2019, en s’appuyant principalement sur le rebond des prix du pétrole.

Malgré le resserrement monétaire, l’économie reste vulnérable à la volatilité accrue des devises, en raison notamment des tensions persistantes avec les États-Unis.

Despite a minor decrease in overdue B2B invoices, 45.0% of businesses in Eastern Europe reported having to manage the negative impact of payment delays.

Of the Eastern European countries surveyed, Bulgaria had the highest DSO and 19.8% of respondents expect another slight increase over the coming 12 months.

The percentage of Czech respondents reporting late payment remained largely stable. However, at 89.8% this is one of the highest percentages in the region.

In 2018, respondents in Hungary reported a significant increase in DSO and that the proportion of uncollectable B2B receivables also went up slightly.

Due to overdue B2B invoices, 20.3% of respondents in Romania had to postpone payments to their own suppliers while 14.8% had to correct cash flow.

The proportion of past due B2B invoices is the second highest in the region and almost 60% of Polish respondents said that this affected their businesses.

Despite improvements in 2018, respondents in Slovakia reported an increase in DSO and 27.5% of businesses seem to have been impacted by late payments.

2018 brought many changes in Turkey – more frequent payment delays, increases in the proportion of overdue B2B invoices and DSO, a longer payment duration.