Italian companies benefit from exports but continue to face high non-payments in the domestic market

11/14/2013 - Report
ic_blogtagInsolvency and Payment RiskItalyExchange RatePast duesPayment Terms
The global environment will be progressively more conducive to a pick up in exports and less severe falls in domestic demand, being supportive for a recession exit for most of the eurozone countries in 2014; Italy's GDP is likely to grow by a modest +0.3%.

However, Italian companies remain exposed to the risk of non-payment, notably in the domestic market where total amounts of non-payments continue to rise (14% 9M 2013 vs 9M 2012), despite a fall in their total number on the back of business transactions reduction.

The good news: export-driven non-payments remain on a positive trend, with less frequency and severity within most of the sectors (excluding automotive). The textile sector shows some signs of partial recovery, where some districts have been able to position themselves upmarket and grow outside Europe.

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Italian companies benefit from exports but continue to face high non-payments in the domestic market - Report