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Coface has released a German corporate payment survey that makes for grim reading. According to the report, which is based on responses from 850 participants, 84% of German companies experience delays in customer payments, despite the country’s solid economic situation, with export companies being the most affected.
This is higher than the share reported in China, in which around 80% of Chinese companies experience payment delays, while the Asia Pacific region boasts an even lower rate at just 70%.
On the positive side, the French credit insurer has seen a slight reduction in the financial volumes of outstanding receivables over the past year. Payment delays, for the companies surveyed, remain within “manageable time periods and “potential liquidity risks, arising from very long overdue receivables, are thus relatively low,” says Coface.
To download the full report click here