Corporate Partner Coface issue press release on quarterly credit risks survey
Press Release – April 2014
Sector risk stabilising in North America and Europe but becoming a source of concern in emerging Asia.
Western Europe: against a backdrop of early signs of stabilisation, several sectors continue to show high risk
While the recession appears to be coming to an end in Western Europe, it has not yet produced a significant improvement in sector risk. In the first quarter of 2014, the level of credit risk remains particularly high in the metal, automotive and construction sectors. The metal industry, in which turnover and profitability are in steady decline, is dependent on the construction and automotive sectors, its main outlets. We remain vigilant with regards to the European automotive sector despite a positive trend, illustrated by six consecutive months of rising sales. Therefore these two sectors remain in Coface’s ‘very high risk’ category. Click here to read the full press release.