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Should the Sino-US trade dispute continue or even escalate, US petrochemical businesses would face unfriendly market conditions with falling prices.

The repercussions of the trade dispute with the US have been limited so far, but several US-export dependent SMEs could fail should the dispute continue.

Profitability of businesses is generally high in this sector, but Brexit poses a downside risk for businesses profitability and payment behaviour.

Due to the more difficult market environment and decreasing sales, we have recently downgraded the sector performance outlook from “Excellent” to “Good”.

Profitability of businesses is expected to deteriorate in the coming 12 months, due to lower demand from China and increased oil and naphtha prices.

Performance is affected by slowdown in demand from automotive, uncertainty about Italian fiscal policy and the trade dispute between the US and China.

The French plastics packaging segment is negatively impacted by oil price volatility, increased environmental awareness and stricter regulations.

The Brazilian agrichemicals sector remains very susceptible to sudden changes in climate conditions, market prices and exchange rate fluctuations.

In the medium- to long-term low-cost competitors from Asia and the Middle East could seriously challenge Singapore's export-oriented chemicals industry.

The plastics segment is impacted by environmental awareness and stricter regulations, which could negatively affect businesses in the near future.

The EU continues to buck the international protectionist trend, signing two historic trade agreements.

Although Mexico is well-positioned to withstand shocks, as its external finances remain strong, the country’s economic outlook is weakening.

Despite solid fundamentals, underpinned by persistently strong household and business confidence, clouds are developing over the U.S. economy.

The Brazilian economy is going through a significantly challenging phase, which is severely affecting business and consumer sentiment.

Trade credit risk worries businesses more than trade wars.

Despite healthy growth in many ICT segments, stiff competition is leading to low pricing and margin compression for distributors and retailers alike.

A major increase in insolvencies is not expected for the time being, but cannot be ruled out should the trade dispute with the US further escalate.

Despite the looming Brexit uncertainty, the UK technology sector attracted more venture capital investment in 2018 than any other European country.

Despite further sales growth most businesses continue to operate on very tight margins due to fierce competition, while equity strength is below average.

An economic slowdown in China triggered by the Sino-US trade dispute would surely lead to lower demand for ICT exports to China and to other parts of Asia.

The currently rather good situation for French ICT businesses could quickly worsen, due to the fast changing and very competitive market environment.

The Italian ICT wholesalers and retail segment is negatively impacted by stiff competition, high pressure on margins and liquidity management issues.

ICT continues to be characterised by stiff competition and cheap imports causing pricing pressures, especially for smaller IT resellers and distributors.

The recent escalation of the Sino-US trade dispute and the US restrictions on suppliers to Huawei will surely affect certain Taiwanese ICT businesses.

The profit margins of many Spanish ICT wholesale and retail businesses remain tight, which is mainly due to high competition in terms of sales prices.

While ICT distributors are becoming larger, many smaller companies are changing their business models towards a more IT service-oriented approach.

Payment experience over the past two years has been good and the level of protracted payments and insolvencies remains low compared to other industries.

The domestic ICT market remains affected by stiff competition, declining margins, low entry barriers, lack of bank support and slow economic growth.

World trade growth stagnated in Q1 amid the escalating trade war. While we expect some recovery in 2019, further escalation of the trade war could grind growth to a halt.

European pro-trade policy likely to stay in place after the European elections

In 2019 Austrian economic growth is expected to decelerate after a robust performance in 2018, mainly due to weaker external demand and lower investment.

Swiss economic growth is expected to slow down in 2019, as external demand from the Eurozone and the US has weakened and investment growth decreases.

The Danish economy has regained some of its international competitiveness due to structural reforms that addressed the issue of high labour costs.

A potential downside risk to the economic performance could be the high household debt in case of sharp house price decreases and interest rate increases.

In 2019 the number of Belgian business insolvencies will still be higher than the levels seen before the start of the global credit crisis in 2008.

The Irish economy is expected to grow by about 2.5% in 2019, but remains exposed to ongoing economic uncertainties stemming from the Brexit decision.

Household consumption is sustained by rising employment, higher wages and low interest rates, while lower financing costs support business investments.

In 2019 Dutch export performance is impacted by lower demand from France and Germany, the ongoing Brexit issue and increased global trade uncertainty.

Due to economic stagnation, political uncertainty and tighter credit conditions business insolvencies are forecast to increase by more than 5% in 2019.

British business insolvencies are expected to increase by more than 5% in 2019, mainly affecting businesses active in the construction and retail sectors.

With more than 55,000 business failures expected in 2019, the number of insolvencies will still be as high as during the start of the 2008 credit crisis.

After several years of annual decreases, German business insolvencies are expected to increase again in 2019 as the economic expansion slows down.

Businesses in Singapore expect DSO to deteriorate over the coming months. Read the complete overview of corporate payment practices by sector.

Taiwanese businesses are the least inclined in the Asia Pacific to sell on credit. Get your copy of the latest payment practices barometer and find out why.

Businesses in Japan are focused more on strengthening receivables' collection activities than having a more strategic approach to credit management.

Survey respondents in China expect trade credit risk to increase over the coming months. Find out more about their business challenges going forward.

Internal demand & export growth work in favor of Indian B2B credit sales, but future trends of B2B payment practices affecting business confidence in India.

Shortage of capital and restricted business growth due to a deteriorating domestic economy, tighter financial conditions and more competition. Challenging times for Australian businesses.

The use of trade credit in B2B transactions enhances financial flexibility and mitigates negative effects of increased global competition for Hong Kong's large enterprises and SMEs.

APAC economies are vulnerable to weaker global trade, leading to more businesses taking a more strategic approach to credit management.