Fewer non-payments in 2013 for Italian companies, but more severe

2/19/2014 - Report
ic_blogtagInsolvency and Payment RiskItalyPast duesPayment TermsReforms
First signs of recovery seem to have emerged in Italy and this is expected to continue through 2014. At the end of 2013, non-payment rates reflected a transition phase with a slow exit from the crisis. In 2013, Italian companies' non-payments decreased in terms of frequency, both domestically (-18%) and in export markets (-17%) compared with 2012. However, the severity rate increased both domestically (+9%) and abroad (+ 6%). More worryingly, in December 2013, average outstanding amounts of domestic non-payments stood 78% above 2007 levels.

In the domestic market, steel and commodities are the sectors showing turbulence. In the export market, non-payment rates are growing in the construction and automotive sectors.

The 2014 outlook for non-payments among businesses should be a slight improvement in severity, thanks, among other things, to the economic recovery.

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Fewer non-payments in 2013 for Italian companies, but more severe - Report