Publications

Robust domestic demand expected to continue in 2016, but smaller players are struggling.

Consumption growth continues in 2016 but margins remain tight.

More troubles for the electronics and toys segments.

Lower holiday sales likely to result in payment delays and insolvencies in 2016.

Payment delays are expected to increase.

Modest growth expected in 2016, with concentration process on-going in the market.

Introduction of a retail tax could hurt businesses’ margins.

Profit margins are expected to remain stable in 2016, but competition is strong.

The influx of cheaper brands from China has increased competition.

Newly founded businesses, in particular, face higher risks in the highly competitive market.

Demand for consumer durables continues to increase, driven by rising living standards.

Despite major economic reforms growth remains subdued and inflation very high.

The economy continues to deteriorate, with high inflation and sharply increasing government debt.

Growth sustained by government investments in infrastructure and private consumption.

A hard landing of the Chinese economy and growing social unrest remain downside risks.

In the French construction segment revenues and investments remain low, competition is fierce, and prices and profitability are both being squeezed.

Construction output is expected to increase again, but poor payment behaviour of public buyers remains an issue.

Cooperatives and SMEs focused on domestic residential construction remain highly exposed to the risk of business failure.

The recovery of the Dutch construction sector continued in 2015, but remains one-sided.

Insolvencies are expected to decline further, but at a slower pace than in 2015.