Reports

Robust growth rates persist, but lower exports hurt the manufacturing sector.

Crucial reforms have been passed, but their proper implementation remains to be seen.

Growth is expected to slow down, while business insolvencies to increase in 2015 and 2016.

Atradius survey shows an uptick in late payment of B2B invoices in China, which can have a knock-on effect on the liquidity of some businesses in several countries in Asia Pacific.

Nearly half of the respondents in Australia said that the risk of payment delay and default from B2B buyers has increased over the past six months. One in five respondents rated it as “significant”.

62.0% of the businesses surveyed in China (compared to 46.3% in Asia Pacific) reported that domestic B2B customers have slowed invoice payment due to liquidity problems over the past year.

92.1% of respondents in Hong Kong (compared to 90.2% of respondents in Asia Pacific) reported having experienced invoice late payment from their B2B customers over the past year.

38.8% of respondents in India (29.6% in Asia Pacific) said domestic B2B customers pay invoices late intentionally, to use trade credit as a way of alternatively financing their business operations.

30% of survey respondents in Indonesia reported that payment on domestic B2B invoices is received late due to the formal insolvency of the buyer (respondents in Asia Pacific: 21.4%).

Most of the survey respondents in Japan (32.5%, notably above the 23% in Asia Pacific) consider cost containment to be the biggest challenge to business profitability this year.

21.5% respondents in Singapore versus 17.4% in Asia Pacific consider a likely drop in demand for their products and services as the biggest challenge to business profitability in 2015.

32.5% of respondents in Taiwan compared to 25.8% in Asia Pacific said that domestic B2B customers pay invoices late most often due to disputes over the quality of goods delivered or services provided.

Global trade growth has slowed significantly in recent years. For 2015, Atradius predicts just 1% international trade growth. This implies a difficult environment for exporters.

Russia remains an important market in the global economy. The ten principles of the report are meant to help businesses mitigate risks when exporting to Russia.

Due to Brazil’s economic slump and problems along the whole domestic automotive value chain we expect both payment delays and defaults to continue to worsen markedly in the coming months.

Despite the current slowdown the Chinese car market still provides robust growth potential.

After subsequent years of production decreases French subcontractors and suppliers have benefited from the rebound of the French and the European automotive sector.

Like other Spanish industries, the automotive sector was hard hit by the economic crisis, as lower domestic consumption and difficulty accessing financing led to a slump in the car market.

A major strength of the British car manufacturing industry is its diversity, with a mix of volume, premium and specialist producers.

In the period January 2015 - August 2015 domestic car production and exports both grew 2%, while new car registrations in Germany rose 6%.