Publications

In 2017, 92.7% of respondents in Brazil reported late payments from their domestic B2B customers and 86.5% in respect to their foreign B2B customers.

After a minor increase from 47.6% in 2015 to 48.4% in 2016, the percentage of overdue B2B invoices appears to be flattening out, rising to 48.8% in 2017.

The short-term outlook remains satisfying, but Brexit will surely have a major impact on domestic car sales and British car exports in the mid-term.

Besides the risk of a sales downturn, the economic policies of the Trump administration could pose a potential challenge for the US car industry.

As more and more carmakers rush to enter into the electric and hybrid car segment, annual capacity in China is about to exceed 7 million units by 2020.

Automotive suppliers´ margins remain structurally under pressure, as the powerful car manufacturers demand greater productivity, coupled with lower prices.

The level of insolvencies in the automotive sector is low compared to other Italian industries, and business failures are expected not to increase in 2017.

A large number of small supplier businesses could face higher business and credit risks in the future as margins have declined and challenges increase.

The automotive sector faces decreasing domestic sales due to a decrease in population and a growing share of elderly citizens as well as tax hikes.

The Spanish automotive industry continues to benefit from the on-going economic rebound of the domestic economy as well as from increasing car exports.

The increasing importance of Big Data and embedded technology/electronics is expected to lead to increased M&A activities in the supplier segment.

Robust sales have kept profit margins of car producers and suppliers stable, and these are expected to maintain their current level in the coming months.

Due to the robust economic performance thus far in 2017 the outlook for the automotive sector remains favourable for the rest of the year and in 2018.

Most businesses in the automotive sector should be financially resilient enough to cope with some minor volatility in demand or exchange rate fluctuations.

Atradius forecasts insolvencies across advanced markets to fall by 3.0% this year and 2.0% next year, particularly led by an increasingly robust recovery in the eurozone.

Trump’s threats to revise NAFTA and build a wall at the Mexican border could offer new trade opportunities for businesses in relations with Mexico.

China is rebalancing its economy away from exports and investments towards consumption. This is weighing on GDP growth of its trading partners.

GDP growth is expected to slow down to about 1.5% in 2017 and 2018, as lower revenues from oil and gas exports negatively impact government investments.

GDP growth will decrease in 2017 as sharp inflation increase restrains consumer demand, but in the medium-term the economy should benefit from reforms.

Reforms have been made to diversify the economy by developing manufacturing and providing a favourable investment environment. But stumbling blocks remain.