What is the trend of failure at the world level?

Monday, August 26, 2019

According to a recent global analysis carried out by Dun & Bradstreet, business failures have taken hold despite growing economic challenges: in the Global Bankruptcy Report 49% of the countries recorded a decrease of bankruptcies in 2018 compared to the previous year despite economic uncertainties in the United States, China, Japan and the euro area. The potential economic challenges refer above all to the continuous commercial frictions between the United States and China, to Brexit and to the slowdown in consumption in China.

 

Russia and Japan have seen a downward trend in the number of business failures, while in the United States, Germany and Italy these have decreased (3%, 3.9% and 5.8%).

Looking at the aspect of commercial payments, the Analysis shows that invoices in Germany were paid with an average delay of 6.7 days, much better than the European average of 13.3 days. In the United Kingdom the performance of commercial payments improved from 14.7 days of delay to 13.7 days: a percentage slightly lower compared to the European average. In the United States the number of companies that pay more than 90 days after the terms has fallen to a minimum respect to the last five years.

 

More in general the Global Bankruptcy Report covers data on business failures in 45 countries, with Colombia and India as new entries. All the partner countries of the Dun & Bradstreet Worldwide Network have contributed with their data on local bankruptcies.

 

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