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German GDP is forecast to rebound this year, enjoying a more robust acceleration by year-end 2022. However, late payments across industries cast a cloud over this outlook.

Late payments are a widespread issue among businesses we polled in France. Reportedly, higher use of credit insurance will help them mitigate the impact of trade credit risk on the business.

The results of this year's Payment Practices Barometer for Denmark point to industries wrestling with poor payments behaviour.

In response to deteriorating payments behaviour over the coming months, businesses polled across Belgium focus on taking steps to protect their business from the impacts of customer credit risk.

This year’s Payment Practices Barometer survey reveals that Austria is working hard to overcome the economic impacts of the pandemic. A few indicators were particularly concerning for businesses.

Although the chemicals industry contracted slightly during the pandemic recession, new opportunities are opening up, driven by shifts in customer demand and new technologies.

Residential construction remains the main driver of growth

Construction insolvencies have started to increase again

Structural deficiencies cloud the outlook of French construction industry

Robust rebound of demand, but rising insolvencies expected

Only a modest construction rebound in 2021 and in 2022

Restricted access to bank loans remains a major issue

Very long payment duration remains an issue for the industry

Good prospects, but lack of skilled labour is a structural issue

More insolvencies expected in the coming months

Robust demand ongoing, but margins of builders remain under pressure

Forced deleveraging has led to a shake-up in the property market

Only a modest increase in insolvencies expected

Increased credit risk for smaller builders serving retail, hotel and restaurant segments

The International Debt Collections Handbook is a key tool for businesses when it comes to making decisions concerning collections in foreign countries.