Crédito y Caución received fewer notifications of slow payment in 2010, and in general our experience of Indian payment performance and commercial morality remains good.
Although the outlook for the IT market is positive, Crédito y Caución has noticed considerable pressure on prices and margins that could have a negative effect on suppliers.
The short-term outlook for electronic components French sector is still satisfactory, with stable prospects for automotive, aeronautics and electronic equipment production.
In October 2010, the Expected Default Frequency indicator for listed companies in France fell reaching its lowest level since August 2008.
After the record number of bankruptcies in 2009, the trend has reversed in 2010. According to Statistics Norway, there were an 8% year-on-year decrease in Q3.
South African businesses are increasingly looking beyond its borders for growth opportunities, and this is where we are likely to see most demand in the coming 12 months.
The Czech National Bank [CNB] has revised its 2010 growth expectation upwards to 2.3% Economic growth will slow down next year, due to widespread austerity measures.
Australian companies continue to suffer from negative cash flow: the result of the cost of meeting new orders on the one hand and delayed customer payments on the other.
Crédito y Caución views the sector as a whole as favourable. However, the various subsectors are influenced by vastly different factors so we take a more specialized view at that level.
Following the previous trend, Crédito y Caución again sees a decrease in the Expected Default Frequency of all the economies surveyed.
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