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GERMANY CORPORATE PAYMENT SURVEY 2023

Coface publishes its 2023 edition of the survey on corporate payment experience in Germany. In short, this year companies are very pessimistic about their business outlook.
More in our publication.

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LOST ILLUSIONS AND GREAT EXPECTATIONS IN COFACE BAROMETER FOR Q2-2023

The year 2023 began with great enthusiasm, but in all likelihood it will not be the year that most observers and investors were expecting.

Read our economists' forecasts to understand what to expect in the coming months.

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SECTOR RISK ASSESSMENT INFOGRAPHICS Q2-2023

This is our latest edition of the Coface Country Risk Map.

Consult and download Coface's risk assessments of 164 countries across the world.

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COUNTRY RISKS ASSESSMENT MAP Q2-2023

This is our latest edition of the Coface Country Risk Map.

Consult and download Coface's risk assessments of 164 countries across the world.

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China Payment Survey 2023: Shorter payment delays but worsening credit conditions in chemicals and wood

The year 2022 was marked by a significant economic slowdown and stringent Covid response in China. In the face of tight liquidity and mobility restrictions that disrupted payment processes, Chinese businesses showed greater flexibility in giving credit terms. Read our full publication.

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UNITED KINGDOM: CORPORATE INSOLVENCIES ARE GOING FROM ZERO TO A HUNDRED AFTER END OF GOVERNMENT SUPPORT MEASURES

In 2022, around 23,400 companies went bankrupt in the UK, causing corporate insolvencies to reach its highest levels since the 2009 Global Financial Crisis. ∙ The rapid rise in insolvencies came after 2 years of low level of insolvencies. ∙ The increase was centralized around smaller companies and has mainly been driven by creditor’s voluntary liquidations. Insolvencies in larger companies were still below their 2019 level.
∙ Q1 2023 figures show the number of insolvencies will continue to rise but without being as heavily concentrated around micro & small companies. ∙ In 2023 bankruptcies should have a larger effect on jobs lost as well as liabilities.

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Coface country and sector risks handbook 2023: major trends of the world economy

Coface launches the 2023 edition of its Country & Sector Risks Handbook in a brand new format but as always with our much anticipated country and sector risk assessments.

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COUNTRY RISK ASSESSMENT MAP - Q4 2022

Our latest edition of the Coface Country Risk Map. Consult and download Coface's risk assessments of 162 countries across the world.

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SECTOR RISK ASSESSMENT INFOGRAPHICS- Q4 2022

Coface's assessments of 13 major global sectors from 6 geographical sectors. These assessments are based on 75 years of Coface expertise and payment experience data, external financial data forecasts, and multifactorial key items (commodities price forecasts, structural changes, Coface country risk assessment).

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FROM EXCESSIVE PESSIMISM TO EXCESSIVE OPTIMISM - COFACE BAROMETER Q4 2022

The year 2023 starts with good news, at least on the macroeconomic front. In consequence, we have made few changes to our country (5 changes) and sector risk assessments (16 changes). In net terms, however, the trend remains towards downgrades. Check them out.

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POLAND PAYMENT SURVEY 2023: STOCK BUILDING MAKES PAYMENT DELAYS SHORTER BUT ONLY TEMPORARILY

Grzegorz Sielewicz, our economist for Central and Eastern Europe delivers his analysis after the survey on payment experience from 356 companies in Poland.

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SECTOR RISK ASSESSMENT INFOGRAPHICS- Q3 2022

Coface's assessments of 13 major global sectors from 6 geographical sectors. These assessments are based on 75 years of Coface expertise and payment experience data, external financial data forecasts, and multifactorial key items (commodities price forecasts, structural changes, Coface country risk assessment).

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COUNTRY RISK ASSESSMENT MAP - Q3 2022

Our latest edition of the Coface Country Risk Map. Consult and download Coface's risk assessments of 162 countries across the world.

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A COLD CHILL ON THE GLOBAL ECONOMY - BAROMETER Q3 2022

In the short-term, the economy seems to be settling into a regime of “stagflation”, where almost no growth and rapidly rising prices coexist. The possibility of a global recession, meanwhile, is becoming clearer.
Our economic research team gives some more perspective in our latest barometer.

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GERMANY CORPORATE PAYMENT SURVEY 2022 BATTERED COMPANIES PREPARE FOR ANOTHER CRISIS

One of the main takeaways of this year’s survey is that payment behaviour has become slightly more restrictive: with a gas-crisis on the horizon, fewer companies are offering payment terms (71%) compared to last year (74%).

Christiane von Berg, our economist for the Northern Europe region, details the payment terms and expectations of companies in Germany.

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ASIA PAYMENT SURVEY 2022

The year 2021 was characterised by a stop-start economic recovery amid new COVID-19 variant outbreaks, prompting companies in Asia-Pacific to remain accommodative in the provision of credit terms. Average payment terms increased from 68 days in 2020 to 71 in 2021, as more companies provided longer credit terms, according to the 2022 Asia Corporate Payment Survey. Out of 13 sectors, only textile and energy reported a shortening of credit terms amid rising input prices, especially for energy and fibres, exerting greater cost pressure on these two sectors.

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SECTOR RISK ASSESSMENT - Q2 2022

Coface's assessments of 13 major global sectors are based on 75 years of Coface expertise and on the financial data published by listed companies from 6 geographical sectors. These assessments are based on Coface’s expertise and payment experience data, external financial data forecasts (quantiles), and multifactorial key items (commodities price forecasts, structural changes, Coface country risk assessment).

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COUNTRY RISK ASSESSMENT MAP - Q2 2022

The latest edition of the Coface Country Risk Map. Consult and download Coface's risk assessments of 162 countries across the world.

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COUNTRY & SECTOR RISK BAROMETER - Q2 2022

Four months after the start of hostilities in Ukraine, what initial lessons can be drawn ?
As the horizon continues to darken, the risks are naturally bearish and no scenario can be ruled out.
Read our full publication.

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CEE COMPANY INSOLVENCIES ON THE RISE

Insolvency trends in the Central and Eastern European (CEE) region have been subject to various economic conditions, support measures and legal changes over the last two years. Indeed, the Covid-19 pandemic that triggered the economic downturn and officially implemented lockdowns brought concerns not only for the macroeconomic activity but also the companies’ payment liquidity. In the pandemic year of 2020 growth in regional Central Europe dropped by 4% after increasing 4% in 2019. In 2020, all CEE countries recorded recessions, ranging from -8.1% in Croatia which deeply suffered from a slump of tourism proceeds taking a sizeable share of country’s GDP to a minor drop of 0.1% recorded in Lithuania. The unprecedented crisis forced governments to introduce unprecedented measures to support households and companies. In terms of the latter, it included moratoria on insolvency applications as well as various measures reducing consequences of pandemic impact on companies’ liquidity situation to save them from bankruptcy. Among other measures, those included exemptions and deferrals of taxation and social security contributions, furlough schemes, loans, subsidies and other financial assistance, guarantees, employees’ salary supplementary payments and facilitating and simplifying various administrative procedures. Although it could be seen as a paradox during such a significant crisis, business insolvencies in CEE countries dropped in 2020 thanks to the massive scale of support measures. The largest decreases were recorded by Lithuania and Latvia (by 50.3% and 34.2%, respectively) as well as Slovakia (-25.8%).

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