We’re keen to share our updated Germany Credit Factsheet with you all: https://bakering.global/product/factsheet-germany-2023/
The German industrial sector has been of much interest of late, as December’s statistics revealed a 3.1% decrease in production, largely due to a decline in energy-intensive industries. This serves as a reminder of the ongoing impact of the energy crisis on the German economy.
Despite these challenges, the outlook for Germany’s business remains positive, with easing material bottlenecks and well-filled order books suggesting a less severe winter economic slowdown. However, these developments nonetheless bring significant risks for companies and their ability to make timely payments.
Given the importance of being proactive and vigilant in navigating these challenges, we’re proud to have serviced a 17% increase in debt placement for Germany in Q4 of 2022, which deviates from the country’s typical prompt payment history
We have responded to the rise in demand for credit control support also, with our team providing extra attention to accounts with poor payment behaviour, allowing our clients to focus on their key clients and effectively manage risk.
We hope you find this update to our Germany Credit Factsheet of use. Stay informed and ahead of the curve by visiting Global Outlook, our hub for insights and analysis for credit professionals: https://bakering.global/product/factsheet-germany-2023/
