Publications

An economic slowdown in China triggered by the Sino-US trade dispute would surely lead to lower demand for ICT exports to China and to other parts of Asia.

Alors que le marché français des TIC s’est de plus en plus tourné vers les services au cours des deux dernières années, le segment des logiciels informatiques demeure le moteur de la croissance.

The Italian ICT wholesalers and retail segment is negatively impacted by stiff competition, high pressure on margins and liquidity management issues.

Le secteur continue de se caractériser par une forte concurrence et des importations à bas prix, ce qui entraîne des pressions sur les prix, en particulier pour les petits revendeurs et distributeurs.

L’escalade du différend commercial sino-américain, en particulier les restrictions imposées par les USA sur les fournisseurs de Huawei, affectera sûrement certaines entreprises taïwanaises du secteur.

Les marges de nombreuses entreprises du secteur demeurent stables mais serrées, en particulier dans le sous-secteur du commerce de gros et de détail des TIC.

Conformément à la bonne tenue de l’économie, la valeur ajoutée des TIC a augmenté de 3,6% en 2018 et devrait progresser de 3% environ en 2019, en dépit du ralentissement économique prévu.

L’expérience des paiements au cours des 2 dernières années a été satisfaisante jusqu’à ce jour et le niveau des paiements prolongés et des faillites demeure faible comparativement à d’autres secteurs.

Au second semestre de 2019, les faillites devraient se stabiliser à un niveau élevé, tandis que les délais de paiement devraient encore augmenter.

World trade growth stagnated in Q1 amid the escalating trade war. While we expect some recovery in 2019, further escalation of the trade war could grind growth to a halt.

European pro-trade policy likely to stay in place after the European elections

In 2019 Austrian economic growth is expected to decelerate after a robust performance in 2018, mainly due to weaker external demand and lower investment.

Swiss economic growth is expected to slow down in 2019, as external demand from the Eurozone and the US has weakened and investment growth decreases.

The Danish economy has regained some of its international competitiveness due to structural reforms that addressed the issue of high labour costs.

A potential downside risk to the economic performance could be the high household debt in case of sharp house price decreases and interest rate increases.

In 2019 the number of Belgian business insolvencies will still be higher than the levels seen before the start of the global credit crisis in 2008.

The Irish economy is expected to grow by about 2.5% in 2019, but remains exposed to ongoing economic uncertainties stemming from the Brexit decision.

Household consumption is sustained by rising employment, higher wages and low interest rates, while lower financing costs support business investments.

In 2019 Dutch export performance is impacted by lower demand from France and Germany, the ongoing Brexit issue and increased global trade uncertainty.

Due to economic stagnation, political uncertainty and tighter credit conditions business insolvencies are forecast to increase by more than 5% in 2019.

British business insolvencies are expected to increase by more than 5% in 2019, mainly affecting businesses active in the construction and retail sectors.

With more than 55,000 business failures expected in 2019, the number of insolvencies will still be as high as during the start of the 2008 credit crisis.

After several years of annual decreases, German business insolvencies are expected to increase again in 2019 as the economic expansion slows down.

Businesses in Singapore expect DSO to deteriorate over the coming months. Read the complete overview of corporate payment practices by sector.

Taiwanese businesses are the least inclined in the Asia Pacific to sell on credit. Get your copy of the latest payment practices barometer and find out why.

Businesses in Japan are focused more on strengthening receivables' collection activities than having a more strategic approach to credit management.

Survey respondents in China expect trade credit risk to increase over the coming months. Find out more about their business challenges going forward.

Internal demand & export growth work in favor of Indian B2B credit sales, but future trends of B2B payment practices affecting business confidence in India.

Shortage of capital and restricted business growth due to a deteriorating domestic economy, tighter financial conditions and more competition. Challenging times for Australian businesses.

The use of trade credit in B2B transactions enhances financial flexibility and mitigates negative effects of increased global competition for Hong Kong's large enterprises and SMEs.

APAC economies are vulnerable to weaker global trade, leading to more businesses taking a more strategic approach to credit management.

Payment terms extended by survey respondents in Indonesia are notably more relaxed than last year. Does loosing terms on export sales reflect a need to limit the fall off in export demand?

The global economy is losing steam in 2019 and 2020. Ongoing uncertainty regarding the trade war continues to cloud the outlook.

L’adoption d’une réforme des retraites permettant d’économiser au moins 600-700 milliards de réaux est essentielle pour maintenir la viabilité de la dette publique et la confiance des investisseurs.

Conjuguées aux taux d’intérêt élevés de plus de 60%, les mesures d’austérité vont approfondir et prolonger la contraction économique.

La résistance de l’économie reste forte grâce à des politiques macroéconomiques et financières prudentes.

En 2019 et 2020, l’économie devrait croître d’environ 3% par an, sous l’effet de la hausse des prix du pétrole, des investissements et de la consommation.

La petite économie ouverte péruvienne dépend beaucoup des minéraux (cuivre, or, pétrole et gaz), qui représentent plus de 60% des exportations.

Higher costs of raw materials and import tariffs have increased operational costs and reduced overall profitability in the household appliances segment.

The UK sales outlook for consumer durables in 2019 is more subdued as household finances are strained and private consumption growth is decreasing.

Insolvencies are expected to level off or to increase slightly in 2019, in line with the forecast of a modest 2% increase in Dutch business failures.

Les exportations soutiennent les résultats du secteur du textile, qui affiche, toutefois, des niveaux élevés d’insolvabilités dans les segments italiens de l’habillement et des chaussures.

Retailers´ margins are expected to decrease further due to the fierce competitive market environment in most segments and increased price transparency.

Profit margins of retailers in the online segment to increase slightly in 2019, while brick-and-mortar retailers face continued margin pressure.

Le nombre de retards de paiement et de défauts de paiement prolongés devrait rester élevé en 2019 en raison de problèmes de trésorerie persistants et d’un accès plus restreint aux prêts bancaires.

En 2018, les ventes au détail de biens de consommation durables ont été affectées par la baisse de la consommation des ménages, ainsi que par l’impact négatif des « manifestations des gilets jaunes ».

Good payment behaviour in the household appliances, furniture and consumer electronics segments over the past two years, and no major changes are expected.

Both payment delays and insolvencies are expected to increase in the coming six months, mainly affecting smaller consumer durables retailers in Belgium.

With its large population, growing middle class and increasingly modern spending habits Indonesia's retail sector is one of the most promising in Asia.

China´s economic growth is forecast to slow down to 6% while downside risks have increased and business insolvencies will increase further in 2019