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Access a snapshot of the credit risk situation and business performance of 14 major industries in your country. The forecast is based on the assessment of Atradius underwriters.
Consistent with Western Europe overall, one in four survey respondents in Belgium consider cost containment to be one of the biggest challenges to business profitability in 2015.
The strong focus on protection of exports from the risk of payment default by customers comes as no surprise for the Netherlands, whose GDP growth is heavily dependent on international trade.
24% of survey respondents in Austria were concerned about maintaining sufficient cash flow levels. They consider this as one of the greatest challenges to business profitability in 2015.
28% of the respondents in Ireland, compared to 18% in Western Europe, reported that maintaining adequate cash flow is one of the biggest challenges they will be facing in 2015.
Nearly 73% of survey respondents in Italy reported that late payment from domestic B2B customers is mainly attributable to insufficient availability of funds.
The Chinese retail market remains highly fragmented due to the large population and differences in consumer behaviour and purchasing power across the country.
The US economy is expected to grow 3.1 % in 2015, while unemployment is expected to drop to 5.5 %. Together with improving consumer sentiment, those indicators support higher top-line sales growth.
In the UK, consumer confidence and discretionary income have shown significant improvement over the past 12 months. The overall trend in consumer durables retail performance has been an improving one.
The forecast for Spain ́s economy seems to sustain further consumer durables sales in 2015. However, for some segments growth could be lower, given high purchase levels already seen in 2014.
Despite the still fragile situation, in 2014 Dutch retail trade has benefited from higher consumer confidence, economic growth and improved purchasing power.
German consumer durables retail benefits from the country ́s robust economic performance, with household consumption expected to grow 2 % in 2015 after 1.2 % registered in 2014.
Peru’s economic growth is expected to accelerate in 2015 spurred by lower interest rates, two mega mining projects, strong demand and public investment in infrastructure projects.
In 2015, Colombia’s economic performance is expected to slow down somewhat (to 3.8%) due to lower commodity prices, while robust domestic demand should sustain growth.
Argentina’s economy contracted 1.6% in 2014, and this negative trend is expected to continue in 2015, as exchange and price controls are forcing producers to scale back their activities.
Italian GDP is expected to grow after three years of contraction. Domestic demand is forecast to stabilise as investments and household consumption are expected to accelerate.
Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.
Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.
Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.
Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.
Problems remain in the building sectors of most of the countries covered in this issue of the Market Monitor. Consequently, the outlook for the construction industry in 2015 remains muted.
In 2015 we expect the construction sector in Germany to perform well and construction insolvencies to decrease by 3%, less than the 5% decrease forecast for business insolvencies in Germany overall.
A 9 % increase is forecast for the US construction sector in 2015; the vast majority of construction and design firm executives believe the market is stable or growing.
While French business insolvencies are forecast to level off in 2015, it is expected that construction business failures will further increase due to the low economic growth forecast for France.
Vietnam is extremely export-driven, specialising in textiles and footwear. The economy is shifting towards higher value added sectors such as electronics.
After 3.1% growth in 2014, Singapore’s economic growth is expected to accelerate to 3.4% in 2015, driven by investment; among other things, in its infrastructure.
Since 2012, economic growth has been high, driven by private consumption which accounts for about 70% of the economy. Growth has also been sustained by rising demand for exports.
As in 2013 and 2014, fierce competition means that the Dutch construction sector is still affected by price wars, leading to on-going pressure on margins.
The swift implementation of reforms would further strengthen Mexico ́s already solid external economic situation by boosting FDI and reducing dependency on volatile portfolio capital inflows.
Although economic growth is slowing, the business environment is generally stable. The challenge for the Chinese authorities is to implement reforms to reduce the vulnerabilities in the economy.
Despite several bans which affected the Polish food sector negatively, this has performed quite well, mainly because of the rising domestic consumption.
Despite some problems, the Italian food sector benefits from its non-cyclical nature, its large and varied client base and a strong export performance.