Coface conducts an annual survey to examine corporate payment trends and experiences in 8 selected economies in the Asia Pacific region.
In 2015, credit extension practices remained largely in-line with those seen in previous years, although there were some signs of more prudent credit control. Nevertheless, overdue payment risks appear to have increased, adding to financial pressures on Asian companies.
Overdue issues varied across different sectors, while the construction, industrial machinery & electronics and automotive & transportation sectors saw a deterioration in ultra-long overdue issues.
Construction appeared to be the most at risk sector in the Asia Pacific region. Its outlook for 2016 will probably remain subdued. Buying confidence is weak in both the private investment and household sectors, against the backdrop of mounting global uncertainties.
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