Payment Behavior Index (PBI) shows deteriorating conditions

Euler Hermes' Payment Behavior Index (PBI) fell by 6.4 points over the past year, indicating a higher incidence of past due receivables, also consistent with slower GDP growth in Q4 2015 vs. Q4 2014.

Nationwide bankruptcies are expected to rise by 3% in 2016 after six straight years of declines.